AI Governance encompasses frameworks and strategies integrating various organizational roles—like data science, engineering, legal, and business—to ensure AI’s development and operation are beneficial and ethical. It aims to harmonize AI initiatives with company objectives and legal standards throughout the machine learning lifecycle, emphasizing collaboration among stakeholders to mitigate risks and uphold ethical principles. This approach ensures AI technologies are responsibly managed to maximize positive impacts while addressing potential harms, aligning closely with business goals and regulatory requirements.