If you'll excuse my departure from what is normal lexicon for this site, I believe that without pre-emptive regulation on AI technology advancement and mergers the "wait and see" phase quickly becomes a "fuck around and find out" phrase.
Regulatory bodies have long been behind on understanding of technology, for example for the first few decades of world wide web advancements (and I would argue even now). I don't think we can afford a reactionary lag time with a technology capable of so profoundly transforming our societies.
I hope we can nudge the developments in a positive direction before there is an all-out AI arms race. I understand the nuances in balancing regulating your own country's AI efforts with making sure you are not outstripped. Perhaps we need something akin to the international treaties dedicated to avoid a colonization dash of outer space.
I'm well aware of the common usage - try to turn your perception to see how it applies here in the abstract sense. The ones who believe no regulation is necessary will be delivered the finding out through brilliantly and hilariously malicious agents.
Regulatory bodies have long been behind on understanding of technology, for example for the first few decades of world wide web advancements (and I would argue even now). I don't think we can afford a reactionary lag time with a technology capable of so profoundly transforming our societies.
I hope we can nudge the developments in a positive direction before there is an all-out AI arms race. I understand the nuances in balancing regulating your own country's AI efforts with making sure you are not outstripped. Perhaps we need something akin to the international treaties dedicated to avoid a colonization dash of outer space.