Totally. It's the big question--whether advanced AI will be friendly or hostile. I think it will be the former, but great minds like Elon Musk and others want to regulate it. It's funny to see libertarian tech moguls begging for government regulation!
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Well I remember watching a documentary with some of the people that are racing to create AI. They asked them if they knew the dangers of AI and what it will be able to do (be a million times smarter than us within days) and they said they knew the risks but were willing to do it anyway. They just want to be able to say they achieve it regardless of what happens to everyone after. I think Elon Musk knows this and is trying to slow it down as much as he can. :/