What could be the benefits and challenges of having a global AI watchdog led by the U.S.?

Demis Hassabis, Google DeepMind co-founder and CEO, is calling on the U.S. to establish a new AI watchdog with the power to screen the world's most advanced models — and coordinate an industry-wide slowdown if dangers mount. Hassabis, the Nobel laureate behind Gemini, lays out the plan in a personal manifesto published Tuesday morning, "A Framework for Frontier AI and the Dawning of a New Age." Why it matters: In an exclusive interview with Axios, Hassabis said the time has come for a more "systematic" approach to AI regulation — funded by the industry, staffed by world-class technical experts, and answerable to the U.S. government. Today's AI-driven cyber risks are "warning shots," Hassabis told us from his London base. Within 18 months, he said, those capabilities — plus far graver biological and nuclear threats — could live inside open-source models beyond any government's control. Hassabis emphasized to us that risks will come from the major labs' more powerful future proprietary models, not just open-source models."What we collectively do now," he writes in his manifesto, "will determine how the next phase of civilization unfolds." Behind the scenes: Hassabis has spent months quietly building support for the plan, briefing the Trump administration, fellow lab leaders and European officials before going public. "The noises I've been hearing are very positive," he said of his talks with the administration, which had embraced a laissez-faire approach to AI regulation prior to the Mythos scare.Hassabis, a scientist who commands rare respect across AI's warring camps, says the other major lab leaders agree at a high level: "This is where the industry needs to go."His timeline is aggressive. "Months," Hassabis said, ideally with the new body operational "before year-end." How it works: Hassabis is proposing an AI standards body modeled on FINRA (Financial Industry Regulatory Authority), the private, industry-funded watchdog that polices Wall Street under SEC oversigh