\u201cThe situation we\u2019re in collectively right now with Mythos and Fable is something that can happen with over-reliance on certain models,\u201d Carney said. \u201cNobody\u2019s done anything wrong in this situation, but we will have done something wrong if we just accept this, don\u2019t take the lesson, don\u2019t build out and diversify.\u201d<\/p>\n
The former central banker then drew a direct parallel to the 2008 financial crisis. Carney, who led both the Bank of Canada and the Bank of England before entering politics, said \u201cwe have similar things in terms of model risk\u201d and called for redundancy and diversity in AI infrastructure, the same principles regulators imposed on the banking system after the collapse of Lehman Brothers.<\/p>\n
The analogy carries weight because of who is making it. Carney was governor of the Bank of Canada during the 2008 crisis and subsequently became the first non-British governor of the Bank of England, where he spent six years strengthening financial system resilience. When he warns that concentrated AI dependence mirrors the systemic linkages that nearly destroyed the global banking system, the comparison draws on direct experience rather than rhetorical convenience.<\/p>\n
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Carney said there is a \u201cgood flow of information\u201d between the Canadian and US governments on AI and acknowledged that Washington has identified \u201csome risks\u201d with Anthropic\u2019s latest models. But his emphasis was on the structural lesson, not the specific dispute between Anthropic and the US Commerce Department.<\/p>\n