Google, OpenAI and Anthropic are working together to launch a self-regulatory body tentatively called the Frontier AI Standards Agency, modeled on Wall Street's regulator FINRA. The group would set common standards for safety testing, model assessments, incident reporting and security vetting across the industry's most advanced AI systems.
The three companies have approached Sriram Krishnan, who served as the White House's senior AI policy advisor from January 2025 to June 2026, to serve as the agency's chief executive. On leaving his government role, Krishnan argued against a centralized regulator, saying "there will not be an FDA for AI." Google DeepMind CEO Demis Hassabis reportedly opened talks in July, and OpenAI's Chris Lehane confirmed the coordination effort in a September 15 briefing; the agency could launch by the end of 2026 or in early 2027, without government oversight.
Not everyone is on board: Cohere CEO Aidan Gomez dismissed the plan as "a cartel by any other name," warning it could entrench the three companies' dominance and raise barriers for smaller rivals and open-source developers.