From the article: “In particular, five fundamental attributes of social media have harmed society. AI also has those attributes. Note that they are not intrinsically evil. They are all double-edged swords, with the potential to do either good or ill. The danger comes from who wields the sword, and in what direction it is swung. This has been true for social media, and it will similarly hold true for AI. In both cases, the solution lies in limits on the technology’s use.”
The problem with any regulation is that it’s going to have unforeseen knock-on effects. It might cripple an otherwise benign use. This can be mitigated by trying to draft smart bills initially by coordinating with leaders in the field who aren’t corporate backers. And then being able and willing to amend laws as these effects take shape.
Unfortunately this is not how the US congress functions right now and for the foreseeable future. Therefore regulation will likely be sparse and when it is heavy handed, unlikely to be amended unless the knock-on effects are massively bad.