‘Idolatry of profit’: Pope Leo takes on AI’s wannabe trillionaires
Pope Leo released a 42,300-word encyclical, “Magnifica Humanitas,” warning that AI poses risks to humanity and calling for it to be “disarmed” and regulated by governments rather than private firms. The article cites concerns about opaque algorithms, worker and child protections, and accountability for weapons. It also notes Trump cancelled an AI safety executive order after David Sacks’ intervention.
MAY 23·GuruFocus▲
American Tower (AMT) Leads Real Estate Stock Surge with 7.75% Ga
American Tower (AMT) surged 7.75% as real estate stocks rallied due to stabilizing Treasury yields and potential U.S.-Iran negotiations. The company, a major player in the REITs industry with a market cap of $85.65 billion, holds a GF Score of 79/100, indicating strong long-term potential despite insider selling and financial strength concerns. Its P/E ratio of 29.7x is near its 10-year low, suggesting potential value.
MAY 22·MarketBeat▲
6,324 Shares in American Tower Corporation $AMT Bought by Leonteq Securities AG
Leonteq Securities AG has acquired 6,324 shares of American Tower Corporation (AMT), valued at approximately $1.11 million, indicating continued institutional interest in the REIT. Several other institutional investors also increased their holdings. American Tower recently exceeded quarterly earnings expectations and announced a quarterly dividend of $1.79 per share.