This article focuses on measuring the impact of artificial intelligence (AI) on the peace and security agenda, taking stock of recent initiatives and progress in this area. While there is a keen awareness of the fact that AI can be weaponized to become a tool of power politics and military competition, there is comparatively less systematic attention paid to what technology can do for peace. While it is important to address risk mitigation, equal space should be given to thinking about how to harness the peace potential of AI on a large scale. This study follows a series of publications that aim to assess the impact of technological innovation on peace, also referred to as PeaceTech, Global PeaceTech, peace innovation, or digital peacebuilding. The first section provides an overview of the debate on the impact of AI on peace and conflict. The second section examines conceptual frameworks and measures of the impact of AI on peace and conflict. The third section looks at the risks to peace and conflict posed by the use of AI and possible governance measures to mitigate them. The fourth section provides examples of AI-enabled initiatives that are having a positive impact on peace, providing a compass for public and private investment. The conclusion offers policy recommendations to advance the AI for peace agenda.