As we keep hearing everyday, artificial Intelligence is on the verge of fundamentally changing the way human beings live and work. There are also many fears about the dangers posed by AI – which range from mass disinformation and privacy risks, to extinction of the human race itself. Amid this debate over how to regulate AI so that we are able to benefit from it while keeping it safe, governments around the world have been coming up with proposals for AI governance. The latest is the Biden administration’s Executive Order on the Safe, Secure and Trustworthy Development and Use of Artificial Intelligence. What are the concerns shaping these preliminary moves toward AI regulation? Are there any fundamental principles that an AI regulatory regime needs to address? What are the potential conflicts – say, between the interests of AI researchers and ordinary citizens --- when framing such laws?