This podcast episode explores the urgent need for global safe AI practices, highlighting the significant impact of artificial intelligence across various sectors and advocating for responsible and ethical development. It compares regulatory approaches, focusing on the EU's comprehensive AI Act versus the more fragmented US strategy. Additionally, it introduces the STEP framework—Safety, Transparency, Ethics, and Privacy—as a crucial tool for effective AI policymaking. The discussion emphasizes the necessity for collaboration among industry leaders, academia, and international organizations to foster innovation while respecting fundamental human rights.