AI - Who Should We Listen To? The Pope or the AI Owners?

Blain’s Morning Porridge May 26th, 2026: AI - Who Should We Listen To? The Pope or the AI Owners?“Contemporary man has not been trained to use power well.” The Pope has published an Encyclical warning on the risks of an ill-considered rush towards AI. It comes at a time when AI is driving the markets, and AI leaders are whispering in Trump’s ear that regulation will destroy America’s lead. It’s not just the risk we will be turned to grey gloop by AI overlords, but how jobs, the economy, inequality and social equality are at all in play.Apologies for a very brief Morning Porridge but got to travel.Even on adjusted terms, AI has probably been the biggest driver of stock market upside in recorded history. The top 10 names in the US market account for 40% of its value - $26.5 trillion of a $65 trillion market. That’s created enormous wealth and prosperity – but as a recent survey pointed out – 50% of US stocks are held by 1% of the population…Is Pope Leo set to become the moral conscience of the markets?You can read the Morning Porridge by subscribing on ⁠www.morningporridge.com⁠, and have it delivered fresh to your inbox every morning!