This podcast episode explores the challenges of understanding and predicting artificial intelligence (AI). Experts acknowledge that they don't fully understand AI, despite their knowledge of building and running AI systems. The lack of understanding hinders our ability to predict AI's future capabilities. The distinction between narrow AI and artificial general intelligence (AGI) used to be a core concept, but recent advancements, like ChatGPT, have blurred those boundaries. Despite the confusion surrounding AI, it is already present in our lives, necessitating the need for governance and a path forward. The podcast also discusses the challenges in defining the boundaries of AI and the importance of involving all stakeholders in shaping its use and governance. The possibility of gaining a deeper understanding of AI through research on neural networks is emphasized, along with the need for adaptability in policymaking and the consequences of leaving AI development solely in the hands of a few companies or individuals. Overall, the episode highlights the urgency of putting policies in place to understand and shape the changes brought by AI.