---
title: "Canada’s Carney compares Anthropic shutdown to 2008 financial crisis, warns of AI “model risk”"
url: https://daily.dev/posts/canada-s-carney-compares-anthropic-shutdown-to-2008-financial-crisis-warns-of-ai-model-risk--cb59wvey8
source_url: https://thenextweb.com/news/carney-anthropic-fable-ai-model-risk-g7
type: article
source: "The Next Web"
published: 2026-06-14T18:34:57.152Z
updated: 2026-07-02T02:13:17.697Z
tags: ["ai-governance", "ai-regulation", "anthropic"]
reading_time: 4
upvotes: 1
comments: 1
language: en
---

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# Canada’s Carney compares Anthropic shutdown to 2008 financial crisis, warns of AI “model risk”

**[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 1 upvotes · 1 comments

## Summary

Canadian Prime Minister Mark Carney has drawn a parallel between the US export ban that forced Anthropic to shut down its Fable 5 and Mythos 5 models and the systemic risks that led to the 2008 financial crisis. Speaking ahead of the G7 summit in France, Carney — a former central banker who led both the Bank of Canada and Bank of England — warned that over-reliance on a small number of powerful AI models creates structural vulnerabilities similar to the concentrated banking linkages that nearly collapsed the global financial system. He called for redundancy and diversification in AI infrastructure, framing the Anthropic suspension as a concrete example of how a single US government export control decision can cut off allied nations from critical AI capabilities. Canada has already launched a $2.3 billion national AI strategy aimed at sovereign computing infrastructure. The incident is accelerating a broader global trend, with the EU, India, and the UK all pursuing sovereign AI initiatives in response.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/carney-anthropic-fable-ai-model-risk-g7>

## Community discussion

Top comments from developers on daily.dev.

**@ktreharrison** · 0 upvotes

> Better late than never. However, why did it take this event for nations to seek AI sovereignty? The writing has been on the wall.Model are either American or Chinese we always needed more viable options

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Tags: [#ai-governance](https://daily.dev/tags/ai-governance), [#ai-regulation](https://daily.dev/tags/ai-regulation), [#anthropic](https://daily.dev/tags/anthropic)

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