Chinese President Xi Jinping has delivered a keynote speech at the opening of the 2026 World AI Conference and High-Level Meeting on Global AI Governance, calling for a fair and equitable global AI governance system. A day earlier, representatives from several countries signed the Convention on the Establishment of the World AI Cooperation Organization in Shanghai, marking a new step toward international AI cooperation. Together with China's newly released AI Cooperation Development Action Plan, these developments have drawn global attention. What will WAICO actually do? And will it give developing countries a greater voice in shaping the future of AI?