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The pope’s AI encyclical isn’t really about AI

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Pope Leo XIV published his first encyclical on Monday, dubbed Magnifica Humanitas, on “safeguarding the human person in the time of artificial intelligence.” And while AI is the hook, the problems Leo focuses on are older and more pervasive: inequality, war, the erosion of democracy, and the concentration of power in the hands of those who don’t necessarily care whether humanity writ large remains magnificent.

Throughout the 200-page document, which the pope presented alongside Anthropic co-founder Chris Olah, Leo argues that technology built and governed by a small elite cannot, by definition, serve the common good. 

“When such power is concentrated in the hands of a few, it tends to become opaque and evade public oversight, increasing the risk of distorted forms of development that give rise to new dependencies, exclusions, manipulations and inequalities,” he writes. 

“In fact, as with every major technological shift, AI tends to amplify the power of those who already possess economic resources, expertise and access to data,” the encyclical continues, highlighting concerns that elites can use their power to “shape information and consumption patterns, influence democratic processes and steer economic dynamics to their own advantage.”

The encyclical comes a few days after President Donald Trump delayed signing his executive order on AI, which would have given the government oversight over new models before they are released, reportedly on the urging of VC investor and former White House AI czar David Sacks.

Pope Leo called for AI to be guided by “clear criteria and effective oversight” grounded in participation from communities that will be affected by it. More concretely, Leo called for an end to the AI arms race “for ever more powerful algorithms and larger datasets” that companies and countries believe will “secure geopolitical or commercial dominance.”

“To disarm means discrediting the assumption that technical power automatically confers the right to govern,” he wrote.

Again, these dynamics predate AI. Pope Leo XIII’s 1891 Rerum Novarum addressed the same concentration of power during the Industrial Revolution, but we needn’t look back that far. Elon Musk’s acquisition of Twitter and deployment of the platform to help elect Trump; the hundreds of millions flowing from tech elites into super PACs to block AI regulation — the kind of pattern that clearly inspired Leo XIV’s work.

The pope comes to the same conclusion that many have arrived at: the surreal power and capabilities of today’s AI raise the stakes enormously. 

Notre Dame Law School professor Paolo Carozza, a member of the Pontifical Academy of Social Sciences and chair of the Meta Oversight Board, told TechCrunch that AI-driven misinformation and deepfakes have “corroded our capacity to recognize what’s true and what’s not true, and that really has consequences for democratic politics.” The tech industry’s practice of “harvesting and manipulating” human data, he added, poses “fundamental challenges to cognitive freedom.”

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Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million

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BY NKECHI NAECHE-ESEZOBOR—Mutual Benefits Assurance Plc has disclosed an insider transaction involving one of its directors, Dr. Akinade Ogunbiyi, who sold more than 1.5 million shares in the insurance company in a deal valued at over ₦6.3 million.

The disclosure, signed by Jide Ibitayo, Company Secretary, filed with the Nigerian Exchange (NGX) and the investing public, showed that Ogunbiyi, a Non-Executive Director of the company, disposed of 1,507,309 ordinary shares of Mutual Benefits Assurance Plc between June 3 and June 9, 2026.

According to the notification, the shares were sold at prices ranging from ₦4.20 to ₦4.33 per share, placing the total value of the transaction at between ₦6.33 million and ₦6.53 million.

The transaction was reported as an initial notification of insider dealing in line with regulatory requirements that mandate directors and other insiders of listed companies to disclose transactions involving the securities of their companies.

Mutual Benefits Assurance identified the financial instrument involved in the transaction as its ordinary shares, traded on the Nigerian Exchange under the ticker symbol “MBENEFIT.”
Insider dealing notifications are a key component of market transparency and corporate governance, providing investors with information on share transactions undertaken by directors, executives, and other individuals with access to potentially price-sensitive information.

While insider transactions often attract investor attention, market analysts note that such dealings do not necessarily indicate changes in a company’s outlook, as they may be influenced by personal investment decisions, portfolio rebalancing, or other financial considerations.

The disclosed transaction took place in Lagos, Nigeria, and was executed over a seven-day period between June 3 and June 9, 2026.

Mutual Benefits Assurance Plc remains one of the companies listed on the Nigerian Exchange that regularly complies with insider dealing disclosure requirements, reinforcing transparency in the capital market.

The post Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million appeared first on Business Today NG.

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NASA picks Eric Schmidt’s rocket company for Mars mission, setting up a race with SpaceX

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Relativity Space—a rocket maker acquired by former Google executive chair Eric Schmidt last year after stumbling on the path to orbit—might just beat SpaceX to Mars.

On Tuesday, NASA said it hired the company to build a spacecraft to house a suite of scientific instruments, launch it into space, and fly it to Mars.

The structure of the contract is akin to the deals that NASA made with SpaceX to fly cargo to the International Space Station, or Firefly Aerospace to put a lander on the Moon. The government agency handles the science, while the private company provides low-cost infrastructure.

Aeolus, as the mission is dubbed, will contain four instruments to measure and image Mars from orbit, providing what NASA expects to be the first daily, global view of dust, winds, and temperature in its atmosphere. The agency said that data will make it safer for landers and, someday, astronauts, to visit the surface of the Red Planet.

“By pairing NASA’s world‑class instruments with commercial innovation and investment, we can deliver more science, more often, and reduce the time it takes to get essential data into the hands of researchers preparing for future human missions to Mars,” NASA administrator Jared Isaacman said in statement.

The mission is set to launch in 2028—a rapid pace that will require Relativity to design and build the spacecraft to carry the Aeolus instruments, and finish building the rocket that will carry it to space, all on a tight timeline. NASA did not disclose how much it is paying Relativity for the mission, and Relativity did not respond to questions from TechCrunch.

Isaacman, who has flown to space twice on private SpaceX missions, has championed public-private partnerships like this. Under this model, the company working with NASA takes on some of the development cost of the project, in exchange for allowing NASA to stretch its budget further—a structure that has become a template for how the agency funds ambitious missions without bearing all the financial risk itself.

But NASA is taking on risk as well: Relativity is unproven, and there’s no guarantee the mission will even make it off the ground. Past startup partners of NASA have gone bankrupt or seen Moon landers arrive askew. The potential payoff for the company is meant to extend beyond the NASA contract itself, including commercial applications, like launching satellites or delivering cargo to the Moon. Still, the further out into space these partnerships reach, the murkier the market becomes for commercial services.

Relativity was founded in 2015 by two former SpaceX and Blue Origin engineers, with the idea of using 3D printing to its maximum potential as a path to building a cheaper rocket. The company’s first design, Terran-1, launched in March 2023 and failed mid-flight. Relativity doubled down by moving on to a larger design, dubbed the Terran R.

Before Relativity could get it to the launch pad, the company ran into fundraising challenges, and Schmidt took a majority stake in the company in it last year, installing himself as CEO. He’s been tight-lipped about the investment but has expressed interest in orbital data centers, and is thought to be using Relativity to launch a space telescope, Lazuili, financed by his family philanthropy, Schmidt Sciences.

The former tech executive’s decision to take over a space company last year puzzled some observers because rocketry is a crowded and capital-intensive field. But pent up demand for new rockets—fueled by delays at Jeff Bezos’ Blue Origin—could still lead to a payoff for Schmidt if Terran R can actually make it to space.

And the new contract might give Schmidt a chance to put one over on Elon Musk, a regular sparring partner of his on the issue of AI safety. While Musk has long talked of his Martian ambitions, SpaceX has never actually sent its own mission to Mars (no, the Tesla he launched into space in 2018 missed).

If Relativity’s Aeolus launches on schedule, it could be the first private mission to reach the Red Planet.

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