This paper introduces a unique approach to AI overnance, drawing inspiration from the successful multitakeholder model of Internet governance. This model balances innovation, accessibility, and ethics, providing a valuable framework for AI development and deployment. Internet governance has fostered a diverse digital landscape, promoting global connectivity, economic growth, and social progress through collaboration among governments, industry leaders, civil society, and technical experts. This paper advocates for adapting this approach to AI governance, prioritizing responsible development and human well-being. Like Internet governance, AI governance should extend beyond algorithms and data to address ethical concerns, human rights impacts, and environmental sustainability. The paper explores how Internet governance principles can mitigate AI risks, including algorithmic bias and discrimination. By leveraging the successes and lessons of Internet governance, we can navigate the complex AI landscape towards a future where AI benefits humankind. The paper further discusses the potential of applying Internet governance frameworks to AI, highlighting future challenges and opportunities. It proposes steps to establish a collaborative and effective AI governance model, ensuring that AI continues to drive positive progress.