I would really like the FTCs of the world to require warnings on all LLM powered products to be as prominently displayed as they are on cigarettes in the EU.

Not just on the source UIs, but required on the contracts for, and UIs of all derivative products. At the moment there are utterly misinformed people running wild with "AI." Example:

https://www.politico.eu/article/tony-blairs-ai-mania-sweeps-...