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This paper proposes a Multinational Artificial General IntelligenceConsortium (MAGIC) to mitigate existential risks from advanced artificialintelligence (AI). MAGIC would be the only institution in the world permittedto develop advanced AI, enforced through a global moratorium by its signatorymembers on all other advanced AI development. MAGIC would be exclusive,safety-focused, highly secure, and collectively supported by member states,with benefits distributed equitably among signatories. MAGIC would allow narrowAI models to flourish while significantly reducing the possibility ofmisaligned, rogue, breakout, or runaway outcomes of general-purpose systems. Wedo not address the political feasibility of implementing a moratorium oraddress the specific legislative strategies and rules needed to enforce a banon high-capacity AGI training runs. Instead, we propose one positive vision ofthe future, where MAGIC, as a global governance regime, can lay the groundworkfor long-term, safe regulation of advanced AI.

Multinational AGI Consortium (MAGIC): A Proposal for International Coordination on AI