Artificial intelligence has the potential for both benefits and dangers to humanity. While AI progress has been rapid, our ability to cooperate and develop wisdom has not kept pace. Nick Bostrom argues the biggest long-term threat is developing superintelligent AI without properly aligning it with human values and intentions, though near-term issues include job loss, bias, surveillance, and manipulation through technologies like deepfakes. If governments prepare appropriate rules and humanity focuses on safety methods, the effects of advanced AI could be extremely positive.