1. New bureaucracies and legal bodies mean more money for the government: fee, fines and funding
2. Barriers of entry for new entrants into the AI industry
3. Costs will be beared by the tax payers and end users
4. Consolidation of AI LLMs into a oligopoly
5. Using public fear in the name of safety to consolidate control
6. Great day for lawyers, consultants and experts in a new cottage industry from regulation
7. Smart people will bypass these rules and create an underground AI realm
8. The future will be very different than the one envisioned by self-anointed AI guardians of the galaxy
9. Intelligence agencies will build covert AI with little regard to regulations
10. Citizens will rebel at AI regulation as "oppressive"
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