The article posits that there is currently an excessive apocalyptic discourse and panic surrounding generative AI, which is detrimental to the healthy development of AI. Policymakers should rationally assess AI risks and avoid stifling AI innovation. The article enumerates the actual impacts and potential issues that have arisen in various fields such as bias, copyright, and employment since the advent of generative AI. It predicts that these issues will be difficult to fully resolve in the short term and calls for collective efforts from all sectors of society. Policymaking must also strike a balance between regulation and support for AI development.