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This lecture by the instructor explores the importance of global governance in the field of Artificial Intelligence (AI). It delves into the ethical, legal, and societal implications of AI development and usage, emphasizing the need for firm governance foundations to prevent potential negative outcomes. The lecture discusses the work of the World Economic Forum in developing policies, guidelines, and tools for the responsible adoption of AI by various entities. It also highlights the role of the World Economic Forum in promoting ethical AI practices, addressing bias issues, and fostering trust in AI technologies. Additionally, the lecture covers topics such as stakeholder capitalism, environmental considerations, and the operationalization of AI ethics.