Join us as we dive into the world of 'conscious AI', pondering its potential and the challenges it triggers. Can AI achieve human-like consciousness? If so, what are the implications? While conscious AI could unleash groundbreaking innovation, it also presents potential threats. A perspective to consider lies in prosocial AI, in which conscious AI promotes social wellbeing by its very nature. In this panel, we explore the progress of AI, the advances underway, its risks, and if/how pro-social and conscious AI is a viable solution to a future of AI that is beneficial for humankind.