Carney Pushes Global AI Stability Board Amid Calls for Caution

Former Bank of England Governor Mark Carney is calling for global coordination on artificial intelligence (AI), suggesting that a global technology stability board modeled after the Financial Stability Board would be beneficial. This move comes as top AI researchers and executives warn about the risks of advanced AI systems, while US President Donald Trump has rejected calls for guardrails.

Carney made these comments in an interview with Bloomberg News, emphasizing the need for coordination on AI development. He stated that 'There's a need for coordination' and that a global technology stability board would 'make sense.' This stance is seen as constructive for people, as it could lead to greater value creation and delivery.

In related news, Carney is hosting an investment summit in Toronto to attract foreign capital. He has assembled a list of over 160 potential projects that require hundreds of billions of dollars, with some still in the planning stages. The goal is to draw in more than 100 prominent global investors and secure funding for these projects.

The Canadian government is also taking steps to make the country more competitive, including reforms to its tax system and accelerated federal signoffs for major developments. Carney has been traveling extensively to forge partnerships and open new markets for Canadian exports.