The author argues that a lack of regulation has led to negative consequences, citing cryptocurrency as an example of an industry that should have been banned earlier. They also suggest that user profiling for ads and content algorithms should have been prohibited. Now, AI companies are seeking regulation, similar to social media companies, because they are unable to self-regulate. AI
IMPACT Lack of regulation in AI could lead to societal and democratic consequences, mirroring issues seen with social media and cryptocurrency.
RANK_REASON The item is an opinion piece discussing the consequences of a lack of regulation in various industries, including AI and cryptocurrency.
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