As innovation in artificial intelligence (AI) outpaces news cycles and grabs public attention, a framework for its responsible and ethical development and use has become increasingly critical to ensuring that this unprecedented technology wave reaches its full potential as a positive contribution to economic and societal progress. The collaborations between AI centers and top academic institutions, such as MIT’s Schwarzman College and Northeastern’s Institute for Experiential AI, help to bridge the gap between theory and practical application by bringing together experts from academic, industry and government to collaborate on cutting-edge research and development projects that have real-world applications. While generative AI and AI more broadly have the potential to revolutionize industries and create new opportunities, it also poses significant challenges, particularly around issues of bias, privacy and ethical considerations