Investors don't really care about consequences that don't hit the bottom line prior to an exit. Consumers are largely driven by hype. Throw a shiny object out there and induce FOMO, you'll get customers.
What we don't have are incentives for companies to give a damn. While that can easily lead to a call for even more government powers and regulation, in my opinion we won't get anywhere until we have an educated populous. If the average person either (a) understood the potential risks of actual AI or (b) knew that they didn't understand the risks we wouldn't have nearly as much money being pumped into the industry.