Artificial intelligence (AI) has rapidly integrated into daily life, transforming industries and interactions with technology while also presenting significant risks that require diligent management. These risks include algorithmic bias, misinformation, job displacement, privacy violations, and potential misuse of AI in autonomous weapons and surveillance, which could exacerbate socioeconomic inequalities. The document emphasizes the necessity of robust AI risk management strategies and ethical frameworks to address these challenges, highlighting the importance of transparency, accountability, and human oversight in AI deployment. It discusses the specific vulnerabilities posed by Large Language Models (LLMs), such as prompt injection and training data poisoning, while suggesting mitigation strategies like comprehensive security solutions and adherence to frameworks like OWASP Top 10. The text advocates for international cooperation and regulatory measures, exemplified by the EU AI Act and USA's decentralized approach, to ensure that AI technologies benefit society while minimizing potential harms.