This document discusses trends and issues related to artificial intelligence (AI). It summarizes that AI is already being adopted in many areas like factories, homes, and businesses. While narrow AI exists today, general AI and super intelligence are still speculative. The global race for AI leadership involves major investment and development by the US, China, EU, and others. The document outlines challenges around AI including bias, data and privacy, responsibility, jobs, and autonomous weapons. It proposes an ethical framework for AI and emphasizes the need for multi-stakeholder cooperation to guide development of an ethical and beneficial AI future.