No. The US has the highest tech (related) firms (like Google, Nvidia, Amazon, OpenAI) in the world. Of course, that comes from the lax laws and a bunch of other factors. But over regulation literally only slowed down the research or whatever you want to call it of AI models. That's it. And I think that isn't really a bad thing. Of course, we miss out on that artificial "growth", but the bubble will pop. The models aren't really that much useful to justify the multi trillion dollar valuation they created. Edit: I'm sorry for the guy who down voted me, but the company that started the AI boom (OpenAI) is literally burning money. All the major players (like Google) are doing the AI thing for dumb money from investors. They know it's a bubble, but they profit off of it. You can see it yourself. Everyone is losing money on AI, they make miniscule amounts of it compared to the investment. No actual use has been found for these models (autocorrect and helping coding doesn't really count for that much) that revolutionised anything.

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