Whom do we trust regulation with? Current US admin which is being run by team idiocracy, Europe that is run by senile men who don't even understand tech or can't even come to a consensus on smallest of issues or China which only does things that benefit their autocrats?

The issue is much more complex than "just regulate it" unfortunately.

I’m all for regulation of AI, but that’s not a serious solution where the problem is the government pressuring private companies to do evil things. Consumer pressure isn’t much, but it’s not nothing.

Sure, but the reality is that the United States where these companies are headquartered currently has the exact opposite policy: Anthropic has been blacklisted by the DoW (and replaced by OpenAI) because the US administration thought that the very limited amount of self-regulation Anthropic insisted on was going too far.

We don't regulate, governments do.

The problem is, who is "we".

When EU tries to regulate AI, they are accused of being against progress and will destroy their economies.

Any regulation that Trump would place on AI would be of the "do what I say and f*k up my opponents" kind. Which arguably is already happening.

capitalism cannot progress with regulation