I'm not sure AI risks are well enough understood to have good regulations for. With most risky industries you can actually quantify the risk a bit. Regarding:
> we cannot afford to wait for a major catastrophe to occur before taking action to protect the public
Maybe but you can wait for minor problems or big near misses before legislating it all up.
> we cannot afford to wait for a major catastrophe to occur before taking action to protect the public
Maybe but you can wait for minor problems or big near misses before legislating it all up.