The project GENIAL (Generating capacities for education in the era of Artificial Intelligence in Latin America and the Caribbean) supports the creation of AI units within Higher Education Institutions (HEIs) in Guatemala, Ecuador, Colombia, and the Dominican Republic. These units aim to integrate AI ethically, modernize HEIs, ensure sustainability, and improve educational quality. GENIAL focuses on three pillars: (1) institutional modernization for AI and digitalization, (2) AI competency development for staff, educators, and students, and (3) ethical pedagogical innovation integrating AI into curricula. The project envisions HEIs as agile entities fostering AI literacy and preparing professionals for an AI-driven society. Recognizing regional challenges, GENIAL emphasizes the emerging vision for AI regulation and integration in Latin America. Collaboration between the EU and Latin America and the Caribbean (LAC) is central, advancing AI governance, digital transformation, and culturally enriched AI education. Aligned with Sustainable Development Goals (SDGs), GENIAL addresses skill gaps, drives digital transformation, and strengthens interregional partnerships in AI and regulation.