The document discusses the opportunities and risks of generative AI (GenAI) for leaders. It notes that GenAI could enable unprecedented positive impact but also dangers if not addressed. It provides 5 steps leaders should take: 1) learn GenAI fundamentals, 2) explore available GenAI services, 3) get inspired by opportunities, 4) understand hazards, and 5) take safe initial steps to unlock potential while avoiding harms. Leaders are encouraged to ground their purpose and integrity amid the possibilities and existential risks of GenAI.