The EU already has AI regulation and it's about as effective as you'd think it would be.
replyThe AI industry is built on mass piracy and copyright violations, regulation isn't going to make it go away or even comply any time soon.
We have laws banning technology that can be used to produce generative images of someone that look like them with their clothes off. The result wasn't fixing generative AI (we don't know how to actually control that kind of thing because it's almost impossible to manually tweak a machine learning model), but to add a bunch of input and output filters that'll pass the test for most regulators checking compliance.
Who would lobby that? On the other hand there are a lot of entities that will lobby against this.
replyAgain, somehow other governments in the world have figured out how to do things for the people, without a company having to lobby for it. For example USB-C ports on all devices, I don't think Xiaomi lobbied with billions and that's why the EU decided that.
replyIf companies control the government, then that's not a government, that's a group of companies.