Vance delivered a speech on AI that is interesting
(twitter.com)
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Exactly this. The genie's already out of the bottle. The best thing to do now is to try and ensure that at least AI development isn't kept under the sole control of a handful of corporate goons.
Also, we don't have to regulate development and access to AI itself in order to try and address some of the risks to workers and the economy. The burden of regulations could instead be applied to the large companies who might try and over-utilize it as a replacement for qualified employees.
But we do have to try to prevent people from using AI to intentionally suppress the opinions of others. There are no "mainstream" AI for normies right now being used to push right-populist rhetoric. ChatGPT does nothing but lie when you try to bring in the dissident side.