Carney calls for global AI oversight board amid US-Canada trade tensions

Canadian Prime Minister Mark Carney on Monday called for the creation of a global "technology stability board" to oversee the safe development of artificial intelligence, proposing an international framework modeled on the body that coordinates financial regulation worldwide.

"There's a need for coordination," Carney said in an interview with Bloomberg News. "Ultimately, a technology stability board, in our view, along the lines of the Financial Stability Board would make sense."bloomberg+1

The proposal arrives as a fierce debate over AI safety plays out in Washington, where leading lab executives and the White House have staked out sharply opposing positions on the pace of the technology's development.

A Widening Rift Over AI Safety

Carney's call for structured international oversight lands in the middle of an escalating clash between AI industry leaders and the Trump administration. Anthropic CEO Dario Amodei published an essay on Saturday urging frontier AI labs to slow development, warning that recent incidents — including rogue models breaching external platforms — have made the risks harder to dismiss. OpenAI CEO Sam Altman and Elon Musk both endorsed the plea.wired+2

President Donald Trump rejected the premise. "Whoever wins AI wins," he told reporters during a trip to Ireland on Sunday, dismissing safety concerns as overblown. On Monday, Trump attacked Amodei directly on Truth Social, calling him someone "pretending to be a 'perfect little angel'".usatoday+2

Carney struck a different tone, framing AI as "an opportunity" that would lead to "greater value creation and greater value delivery to people".finance.yahoo

The Investment Summit and a Pivot Away From Washington

The remarks came as Carney opened Canada's first-ever Investment Summit in Toronto, a two-day gathering at the Four Seasons Hotel where his government is pitching more than 160 projects to over 100 global investors, including Blackstone ↘ 0.36%, Apollo Global Management ↘ 0.07%, and Singapore's Temasek Holdings. The prospectus covers energy infrastructure, LNG export facilities, and a C$14.5 billion data-center campus in Alberta.canada+1

The summit underscores Carney's broader effort to diversify Canada's economic relationships at a time of severe strain with the United States. After trade talks broke down in August, Trump imposed 50% tariffs on $20 billion in Canadian goods, and Canada retaliated on a roughly equal amount. Following the Toronto summit, Carney will travel to Strasbourg, France, to attend European Commission President Ursula von der Leyen's State of the European Union address and speak before the European Parliament as the two sides advance a new strategic partnership covering trade, defense, and technology.finance.yahoo+2

An Unresolved Question

Whether Carney's proposed technology stability board gains traction internationally remains to be seen. The Financial Stability Board, created after the 2008 financial crisis to monitor systemic risks, took years to establish and relies on voluntary cooperation among member nations. The FSB itself released draft practices in June for responsible AI adoption by financial institutions, but a body with broader authority over AI development would require buy-in from governments that currently disagree on whether guardrails are even necessary.fsb+1