**Introduction** In the dynamic and often unpredictable realm of artificial intelligence, the approach to governance and ethical oversight is at a crossroads. The current trend of self-regulation and piecemeal governmental responses is not just insufficient; it’s potentially dangerous. We stand on the brink of repeating past mistakes where knee-jerk reactions to technological advancements have stunted progress. To navigate this complex landscape, we propose an ambitious yet crucial initiative: the formation of a Global AI Ethics and Innovation Think Tank, drawing inspiration from historical models of proactive and impactful policy shaping. **The Problem with Reactive Governance** The history of technology is riddled with examples where late, reactionary governance has either stifled innovation or failed to prevent ethical breaches. The initial responses to the advent of the internet and biotechnology serve as cautionary tales. In both cases, delayed or uninformed policy decisions led to either over-regulation or a failure to address significant ethical and societal impacts in a timely manner. In the AI domain, such an approach could have dire consequences, from stifling life-altering innovations to allowing unethical AI practices to take root. **A Precedent in Proactive Policy Shaping: The Manhattan Project Advisory Committee** A compelling historical precedent for the proposed AI think tank is the Manhattan Project Advisory Committee. Formed during a time of groundbreaking scientific advancement, this committee brought together eminent scientists and policymakers. Their foresight and deliberations were instrumental in guiding the ethical and strategic use of nuclear technology. This example highlights the efficacy of proactive, multidisciplinary collaboration in steering the course of transformative technologies. **Vision for the AI Ethics and Innovation Think Tank** This think tank would be a global nexus for forward-thinking policy development, ethical oversight, and innovation facilitation in AI. Its key focus areas would include: * **Anticipating and Pre-empting Ethical Challenges**: By studying emerging AI trends and technologies, the think tank can anticipate ethical issues and develop preemptive guidelines and strategies. * **Balancing Innovation and Ethical Governance**: Drawing lessons from historical successes and failures, the think tank would aim to strike a balance between nurturing AI innovation and ensuring ethical compliance. * **Global and Inclusive Policy Frameworks**: The think tank would advocate for policies that not only respect global diversity but also promote inclusive and equitable AI development. **The Critical Role of Diverse Perspectives** Diversity in the think tank’s composition is non-negotiable. A variety of cultural, professional, and socio-economic backgrounds is vital for developing AI governance frameworks that are universally applicable and sensitive to different societal needs. **Conclusion: Averting a Stunted Future** The formation of a Global AI Ethics and Innovation Think Tank is more than a suggestion; it’s an urgent call to action. We must learn from history and avoid the pitfalls of reactive governance. This think tank is our commitment to guiding AI development in a manner that is ethical, responsible, and conducive to the betterment of humanity. Let’s not allow fear and uninformed decision-making to stunt the incredible potential of AI. The future awaits a thoughtful, proactive approach, and we have the power to shape it. * * *