Slowing down AI innovation with regulation is a very bad idea and will only have negative consequences - Traditionally, regulation helps large monopolies and big companies and cripples start-ups - US-centric regulation will lead to the US falling behind China in the all important AI space - Open-source AI is flourishing and is helping us make big strides in AI. We risk killing this fledgling eco-system with regulation - The internet has been a huge success and has transformed our lifestyles dramatically, largely because it has been regulation free - OTOH, highly regulated industries like healthcare and finance are excruciatingly slow moving, full of red tape and rife with corruption. Finally, it's no coincidence that the biggest proponents of regulation are makers of closed proprietary LLMs who are arguing for regulation to create a moat and protect their multi-billion dollar investments An open AI ecosystem promotes transparency, better understanding of technology and free market dynamics that accelerates innovation.