Mark Carney says "there’s a need for co-ordination" on AI development

Prime Minister Mark Carney stated that international cooperation is necessary for overseeing artificial intelligence development, suggesting a body similar to financial stability regulators. This comes as AI leaders and researchers express concerns about the rapid advancement of the technology and its potential risks, with some calling for a slowdown. While President Donald Trump also acknowledged AI's economic importance, he rejected calls for regulation, asserting that strong presidential oversight is sufficient and that Western regulation could benefit China. Carney's comments highlight Canada's focus on balancing innovation with safety and data sovereignty, as the government considers regulatory measures for AI.