This newsletter discusses the rapid integration of generative AI in enterprises, focusing on the need for robust governance structures to manage both the opportunities and risks. Recent market volatility and a security breach involving a new open-source large language model highlight the critical importance of comprehensive AI councils with established security and operational policies. The author emphasizes the necessity of balancing innovation with caution, particularly within healthcare, to ensure responsible AI adoption while maximizing benefits. The newsletter offers practical guidance and insights based on real-world experiences to help organizations navigate the complexities of generative AI implementation.