Canada pushes for global AI stability body as Carney courts investment

Canadian Prime Minister Mark Carney called for a global technology stability body to oversee artificial intelligence and help ensure its development remains safe. He compared the proposed institution to the Financial Stability Board.

“There’s a need for coordination,” Carney said in an interview with Bloomberg. His proposal comes as Anthropic CEO Dario Amodei and other AI leaders call for slower development of the most advanced systems, while US President Donald Trump rejects new guardrails and criticizes Amodei.

Carney also said Canada will soon announce tax reforms intended to make the country more competitive and will accelerate federal approvals for major projects, aiming to complete them within one year.

The prime minister is preparing to pitch more than 100 global investors on over 160 projects that require hundreds of billions of dollars. Investment opportunities include a proposed crude-oil pipeline, an LNG export facility, and a C$14.5 billion data-center campus in Alberta.

The summit comes after trade negotiations with the US broke down in August and Trump imposed 50% tariffs on $20 billion of Canadian goods. Carney said the two countries could still reach a mutually beneficial deal while Canada seeks closer trade and investment ties with Europe and other partners.