Despite being viewed as a technology of the future, artificial intelligence (AI) has already impacted our daily lives in several ways. Right from the time we wake up, till we go to bed, AI is constantly a part of our lives in forms like voice assistants, online banking, OTT, face IDs among others. Shaping global standards for AI A number of standards covering significant AI issues are now being developed by the ISO/IEC committee for artificial intelligence under the working title ISO/IEC 42001 ISO/IEC DIS 42001 – Information technology -- Artificial intelligence -- Management system. The ISO/IEC 42001 standard, which is being developed by 50 countries, will be essential for improving AI governance and accountability globally. ISO/IEC standardisation brings together the opinions of all relevant stakeholder groups, including SMEs, academia, civil society, and many more.