I'll have to disagree with you on that. While you raise good points, I do believe that regulations that protect small businesses and hobbyist are good, not perfect but good.
A lot of the people impacted by this data gluttony are exactly these, small businesses, freelances, hobbyist, independents, etc. Impacted by monopolies in a bid to replace them.
You take the side of AI entrepreneurs without acknowledging that the tech and the way it is deployed right now is relying on lawless exploitation of others. We already have a legal framework that is supposed to prevent this kind of harms, yet most if not all companies and startups decided to widely ignore it in the pursuit of profit and dominance in an emerging market.
If your business rely on breaking laws and exploiting people in the hope that you might change the regulations later on, then maybe it should not exist in the first place.