In this blog post Mike Kelly and I examine how Trump’s AI Action Plan, issued in July of 2025, contributes to the risks associated with artificial general intelligence, and explain why global governance of the research and development of AI that is at the frontier of artificial general intelligence is so important. Some are skeptical of how close we are to AGI, or how much of a risk it really posses, but as we explain, there is a non-trivial possibility that AGI could pose an existential threat to humanity, and thus the precautionary principle requires that take steps now to address that risk.