Explore the critical challenges and opportunities surrounding AI governance in this thought-provoking 50-minute conference talk from The Aspen Institute's Ideas Festival. Delve into the history of AI, transformer architecture, and open-source development while examining crucial topics such as national AI committees, AlphaFold, and the concept of "average AI." Investigate the balance between adaptation and regulation, constitutional AI, emerging job markets, and the potential role of FDA-like oversight in AI development. Consider the implications of AI alignment, its impact on education, and the concentration of AI power. Gain valuable insights into shaping a responsible AI future that benefits society as a whole.