The rapid development of generative AI software, such as ChatGPT, has the potential to bring significant benefits. However, it also brings forth far-reaching consequences that need careful considerations. The training of AI models relies heavily on large amounts of data, necessitating the implementation of robust data governance measures and the adaptation of guidelines to address ethical and legal concerns. This report offers a brief overview of the challenges and issues associated with AI and highlights a few key considerations that should be taken into account.