There are plenty of things which can have meaningful regulation when it comes to AI. Here are a few:
- where legal liability is placed in the event of an automated system making a decision (consider competing companies using the same AI-product to set prices (RealPage), or customer support chat bots agreeing to a provide a remedy to a customer)
- considerations around training data containing PII
- IP ownership of output
- implications on the IP of input and derivative works (and, is the model itself a derivative work?)
Note, these topics aren’t too specific to the implementation or technology involved but instead pertain to the side effects of AI’s existence and use.
Not something to brag about. It is way too early to be regulating this technology. Imagine regulating a glorified markov chain.