Before Skynet Occurs, Can We Regulate Artificial Intelligence?

Reading this article on the challenges makes me wonder how feasible it is. Three different approaches:
"When it comes to digital regulation, the United States is following a market-driven approach, China is advancing a state-driven approach, and the EU is pursuing a rights-driven approach."
Yet I am not sure if the speed of development isn't going to out pace any regulations, especially as they need to be globally enforceable to be effective. Your thoughts?