Baku, July 17, AZERTAC 29 countries signed on Friday the Agreement on the Establishment of the World Artificial Intelligence Cooperation Organization (WAICO) in Shanghai, a Qazinform News Agency correspondent reports, citing the Ministry of Foreign Affairs of the People's Republic of China.It is reported that the World Artificial Intelligence Cooperation Organization will operate as an independent, international, intergovernmental body headquartered in Shanghai.The 29 founding member states of the newly established organization include China, Kazakhstan, Laos, Pakistan, Russia, and Indonesia. UN Secretary-General António Guterres also attended the official signing ceremony.According to the text of the agreement, the new organization will be guided by the purposes of the UN Charter, building upon the principles of extensive consultation, joint contribution, and shared benefits, while maintaining a human-centered approach.The organization will focus on promoting international cooperation and global governance in AI, ensuring its healthy, orderly development in a beneficial, secure, and fair way for the good of all humanity.