Very clickbaity title. There is no plan on banning AI, just restricting AI in blanket survellaince.
Granted it's confusing if limiting AI which "impact[s] hiring and judiciary decisions, and rate trustworthiness" means limiting AI in these scenarios if they are purely advisory or there's human oversight, or just when it is the only decision mechanism.
If we could use AI for something other than controlling and predicting people and making companies as much money as possible, I think AI could be very beneficial.
The regulations include:
A surveillance ban on AI systems that track people indiscriminately
A ban on social credit scores that track individual behaviors, impact hiring and judiciary decisions, and rate trustworthiness
Bias prevention measures like human oversight in testing datasets
AI notifications that would be sent to people when interacting with AI systems
That's pretty far from a ban.