The future of AI is already here: AI and its "cousin technologies" are starting to permeate our lives and societies. As it gains insight and decision power, AI needs to empower the dynamically evolving values and growth of humans and societies in turn. Rather than getting caught up in dystopian futures, we should harness AI's vast potential for positive transformative change responsibly. To that end, we need a new global multi-stakeholder institution organizing a representative congress to negotiate a modern, digital Magna Carta and to govern AI transparently within and across borders. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx