People entrust their lives to very simple AI mechanisms like traffic lights, I don’t see any reason why public budgets and investments couldn’t be managed by transparent and accountable AI systems.
The real reason for AI regulation is not the “Terminator might come true” argument (only a few ignorant people believe that). The reason is to make it clear to everyone that society needs ‘protectors’ such as corporations and politicians.
Most politicians are mediocre ignorants full of themselves. Parasites who exist only to protect the interests of the few and live off the many. They can be perfectly replaced by machines and the world would be a much better place without them.
