How should government and society come together to address the challenge of regulating artificial intelligence? What approaches and tools will promote innovation, protect society from harm and build public trust in AI? Artificial intelligence (AI) is a key driver of the Fourth Industrial Revolution. Algorithms are already being applied to improve predictions, optimize systems and drive productivity in many other sectors. However, early experience shows that AI can create serious challenges. Without proper oversight, AI may replicate or even exacerbate human bias and discrimination, cause potential job displacement, and lead to other unintended and harmful consequences.