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AI/ML is a disruptive tech with huge financial benefits. History has shown us that government regulation of disruptive technologies can often have unintended consequences and push those technologies into the shadows, where they are harder to monitor and control. For example, during the manufacturing revolution in the 19th century, many governments attempted to regulate the new factories and their working conditions, but these regulations often resulted in factories moving to countries with fewer regulations and lower costs.

Similarly, during the Prohibition era in the United States, the ban on alcohol only fueled a thriving dark market and increased criminal activity. In the case of AI, any government regulation could limit the positive financial benefits of AI technology, so there will be actors who will take advantage of that. Furthermore, regulation is unlikely to prevent malicious actors from using AI in harmful ways. Regulation could drive the development and use of AI underground, making it even harder to monitor and control. As we have seen with other emerging technologies, such as biological cloning, government regulation often lags behind the technology itself, and by the time regulations are in place, the technology has already advanced beyond their reach. The same is likely to be true for AI.

Instead of relying on government regulation, the development and use of AI should be guided by ethical principles and best practices established by the AI industry itself. This approach has been successful in other industries, such as engineering, architecture, finance and medicine, and can help ensure that AI is developed and used responsibly while still allowing for innovation and progress.

"No man's life, liberty, or property are safe while the legislature is in session." - Mark Twain