The problem isn't whether we should regulate AI. It's whether it's even possible to regulate them without causing significant turmoil and damage to the society.
It's not hyperbole. Hunyuan was released before Sora. So regulating Sora does absolutely nothing unless you can regulate Hunyuan, which is 1) open source and 2) made by a China company.
How do we expect the US govt to regulate that? Threatening sanction China unless they stop doing AI research???
Easy-peasy. Just require all software to be cryptographically signed, with a trusted chain that leads to a government-vetted author, and make that author responsible for the wrongdoings of that software's users.
We're most of the way there with "our" locked-down, walled-garden pocket supercomputers. Just extend that breadth and bring it to the rest of computing using the force of law.
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Can I hear someone saying something like "That will never work!"?
Perhaps we should meditate upon that before we leap into any new age of regulation.