AI has rapidly moved from experimentation to everyday business use. Asset owners, asset managers and companies are increasingly focused on how to capture its benefits while maintaining appropriate governance, managing risk and controlling costs. At the same time, the key question is shifting from who is adopting AI to who is using it in ways that create sustainable long-term value. This roundtable will explore how AI is shaping decision-making and engagement across the investment ecosystem. We will discuss what effective AI governance looks like in practice, the lessons learned from early adoption, and how investors are assessing companies' approach to AI deployment and oversight. The conversation will also examine how AI is changing stewardship itself, from the topics discussed in engagements to the tools investors use to analyze information and monitor risks. Looking ahead, we will consider how AI is likely to reshape both investment capabilities and investor expectations of the companies in which they invest.