Artificial Intelligence (AI) potential knows no bounds, promising transformative solutions to some of humanity's most pressing challenges. However, like any cutting-edge and disruptive technology, its inherent risks require great vigilance to ensure its power is harnessed responsibly. In this session, we will delve into the intricacies of AI governance, examining how collective efforts can help strike the right balance between innovation and responsible control.  This panel will bring together leaders from pioneering initiatives dedicated to analyzing the risks, reporting incidents, and shaping the discourse. These initiatives are not just at the forefront of understanding AI's complexities, but they also play a pivotal role in building the necessary governance framework. As we navigate this uncharted terrain, let us work towards a future where AI's potential is maximized, and its risks are minimized for the benefit of all.