The age of AI is here, and governance and policymaking are starting to catch up. Such progress is welcome but also uneven and uncoordinated, and no universal standard that could truly be called ‘global’ governance has yet emerged. This must change as AI’s impact keeps growing.

AI is all around us, generating excitement about how it could increase prosperity and transform our lives in multiple ways. Yet the technology is also likely to be disruptive. Policymakers and businesses must therefore try to capture the full value of what AI has to offer, while avoiding the downside risks.