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Vatican’s AI Warning Sparks Market Scrutiny

New York Times Business •
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Pope Leo XIV released the 42,300‑word encyclical Magnifica Humanitas, warning that unchecked AI could spur a new "Tower of Babel" and erode job security. The Vatican urged robust regulation and protection of workers from AI‑driven disruption.

The message reverberates as Nvidia’s CEO Jensen Huang projects AI infrastructure spending to reach $4 trillion by 2030. Investors eye upcoming public debuts from SpaceX, OpenAI and Anthropic, each poised to become trillion‑dollar firms.

Meanwhile, California Attorney General Rob Bonta threatens to block Paramount’s $5 billion takeover of Warner Bros. Discovery unless structural remedies are offered. Bonta’s stance underscores rising antitrust pressure on big media mergers.

These developments combine to heighten scrutiny on AI policy and media consolidation, signaling tighter regulatory oversight and potential market shifts for tech and entertainment giants.