At the 1853 World Fair, the inventor of a new safety brake technology for elevators, Elisha Otis, demonstrated his innovation by posing an elevator right over the heads of a crowd of visitors and then cutting the cables. The new security brake kicked in. Health AI, formerly I-DAIR, is now a global agency aiming to regulate AI in healthcare, addressing safety concerns and fostering trust. AI is rapidly advancing in healthcare, but governance and standardization are lacking. Health AI seeks to bridge the gap between global standards and real-world implementation, especially in low- and middle-income countries. It also plans to create a network for global approval and early warning systems. Regulatory fees will fund AI review, ensuring sustainability. The organization aims to reduce global health inequalities and promote fair access to AI innovations. The ethical use of AI in healthcare remains a priority.