Earlier quoted context omitted.
I do not think the internet, or AI in its current form, is a existential risk to humanity, no.
I think if you were referring to AI in its 'current form' all along, then most people will probably agree with you, myself included. But 20 years from now? I personally think it would be arrogant to dismiss the potential dangers.
if AI actually is a threat, then it can be regulated. it's not a threat now, period. preemptively regulating something is silly and a waste of energy and political capital.