The rapid evolution of AI has long outpaced human capabilities. From the United Nations' arduous adoption of the first global AI governance resolution to the upheaval of elections in multiple countries by Deepfake-generated misinformation, and the emergence of lethal autonomous weapons in regional conflicts, technology is like a severely overloaded roller coaster hurtling forward. Yet, regulatory efforts lag far behind, with nations gripping the steering wheel yet trapped in chip blockades, computing power monopolies, and a deficit of mutual trust. Under such constraints, are we truly cornered with no choice but to unite for collective governance –or is the so-called "global governance" destined to remain a politically calculated illusion? CGTN presents the special program Global Debate.