The swift evolution of AI technologies calls for policymakers to consider and proactively manage AI-driven change. The OECD’s Expert Group on AI Futures was established to help meet this need and anticipate AI developments and their potential impacts. Informed by insights from the Expert Group, this report distils research and expert insights on prospective AI benefits, risks and policy imperatives. It identifies ten priority benefits, such as accelerated scientific progress, productivity gains and better sense-making and forecasting. It discusses ten priority risks, such as facilitation of increasingly sophisticated cyberattacks; manipulation, disinformation, fraud and resulting harms to democracy; concentration of power; incidents in critical systems and exacerbated inequality and poverty. Finally, it points to ten policy priorities, including establishing clearer liability rules, drawing AI “red lines”, investing in AI safety and ensuring adequate risk management procedures. The report reviews existing public policy and governance efforts and remaining gaps.