When the pope devotes 235 pages to AI, CFOs should take note. Not as theological reading...
As a thermometer of the social risk that is already touching your operations."Magnifica Humanitas" - Pope Leo XIV's encyclical released this week, is not just another religious document. It's the clearest sign yet that AI has ceased to be a technical issue and has become a matter of power, ethics, and human dignity.
-What does it say specifically? That technology cannot "reduce the other to a medium." That AI should not be concentrated in the hands of corporations with monopoly power. That human work has a value that no algorithm can replace.
-And here comes the uncomfortable part for managers: Most AI strategies in Latin American companies are designed to do exactly the opposite. Trim headcount. Automate without strategy. Measure success in "FTEs removed".
-That's not digital transformation. That's blind optimisation that destroys the most valuable asset you have: human judgement trained over years.
The real lesson of "Magnifica Humanitas" for a CFO:
- AI that frees your analysts from repetitive reports to do strategic analysis → multiplies your EBITDA.
- AI that simply replaces analysts to lower the payroll → destroys institutional capacity and increases your operational risk.
Is your company using AI to empower its people or to eliminate them?
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