Should Artificial Intelligence Be Regulated?

Should artificial intelligence be regulated? Should artificial intelligence be regulated? I understand how recent advances and associated hype can be scary for people, especially since doomsday scenarios related to AI have been part of our popular culture for many decades. I also understand, to address one of Ben Y. Zhao's concerns, that my opinion might come across as one of those "dismissive insiders". However, I think there at least 3 good reasons not to regulate AI.