The UK, US, EU, Australia, and China have agreed that artificial intelligence (AI) poses a potentially catastrophic risk to humanity. They have signed a declaration to address AI safety research and cooperate on developing new regulations. The Bletchley declaration, signed by 28 governments, aims to manage the significant risks posed by advanced AI systems. The UK hosted an AI safety summit to discuss the potential risks and regulations of AI. The summit featured speeches from UK Prime Minister Rishi Sunak and the US Vice-President Kamala Harris. There are signs of competition between the US and UK as they strive to take the lead in developing new regulations. Elon Musk, the owner Tesla and SpaceX, warned about the potential dangers of AI. The US announced the creation of an American AI Safety Institute and released an executive order requiring US AI companies to share their safety test results with the government before releasing new AI models. The EU is in the process of passing an AI bill and developing principles for AI regulation. Despite the lack of international agreement on what global AI regulations might look like, there is a global unity to address the need for AI safety. Some officials hoped that the UK would take a leadership role in AI regulation, while others suggested that cooperation between the US and the UK was essential. Although the UK has not yet included an AI bill in the King’s speech, they hosted the first-ever global summit on AI at the frontier.