Twenty-nine countries have signed an agreement to establish the World Artificial Intelligence Cooperation Organization (WAICO). This new body will function as an independent, intergovernmental international organization. WAICO’s primary focus will be fostering global collaboration in the field of artificial intelligence. Importantly, the organization will be headquartered in Shanghai, signaling China’s growing influence in AI development and governance. The agreement sets the stage for standardized approaches to AI ethics, safety, and responsible innovation amongst member nations. WAICO is poised to become a key platform for navigating the opportunities and challenges presented by rapidly advancing AI technologies. This initiative aims to unify efforts and address the global impact of artificial intelligence.