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The Pope Heads To G7 For First Time To Talk About AI—After ‘Balenciaga Pope’ Meme

Topline

Pope Francis is set to attend the G7 summit on Friday and is expected to urge world leaders to adopt AI regulations, a subject the Pope has spoken about several times in the past, including after he was the subject of viral AI-generated images that many believed were real.

Key Facts

  • The Vatican announced Pope Francis would attend the Group of 7 conference in Italy on Friday to discuss ethical concerns surrounding artificial intelligence during a session dedicated to AI, becoming the first pope to participate in the summit of leaders.
  • The Pope fell victim to AI in the past: AI-generated deepfake images of the Pope in a white puffer jacket and bedazzled crucifix—dubbed the “Balenciaga Pope”—went viral last year and racked up millions of views online, causing some people to believe the pictures were real.
  • He spoke about the fake images during a speech in Vatican City in January, warning about the rise of “images that appear perfectly plausible but false (I too have been an object of this).”
  • Pope Francis has spoken out about the danger of AI before, and he’s expected to urge world leaders at the G7 conference to work together to create AI regulations.
  • During the G7 meetings, Italy is expected to advocate for the development of homegrown AI systems in African countries, further work is expected to be done on the Hiroshima Process—a G7 effort to safeguard the use of generative AI—and leaders from places like the U.S. and the U.K. are expected to promote AI regulations introduced in their countries, according to Politico.
  • Giorgia Meloni, Italy’s prime minister, said in a statement in April the Pope was invited to the G7 conference to help “make a decisive contribution to defining a regulatory, ethical and cultural framework for artificial intelligence.”
  • The Vatican also announced Pope Francis will have bilateral conversations with leaders of other countries, including President Joe Biden, President Samoei Ruto of Kenya and India’s Prime Minister Narenda Modi.

Key Background

The Pope has been speaking out about the need for artificial intelligence regulation for years. The Vatican has been promoting the “Rome Call for AI Ethics” since 2020, which lays out six principles for AI ethics, which include transparency, inclusion, impartiality, responsibility, reliability and security and privacy. As part of the August 2023 announcement for this year’s World Day of Peace of the Catholic Church—which was held on Jan. 1—-the Pope warned of the dangers of AI, saying it should be used as a “service of humanity.” He called for “an open dialogue on the meaning of these new technologies, endowed with disruptive possibilities and ambivalent effects.” In December 2023, the Pope called for an international treaty to regulate AI as part of his World Day of Peace message. He urged world leaders to “adopt a binding international treaty” to regulate AI development, adding it shouldn’t just focus on preventing harm, but should also encourage “best practices.” The Pope noted that although advancements in technology and science lead to the betterment of humanity,” they can also give humans “unprecedented control over reality.”

Tangent

Italy—one of the G7 summit’s rotating hosts—became the first country to temporarily ban AI chatbot ChatGPT in March 2023 after Garante, an Italian data protection regulator, claimed the chatbot violated the European Union’s privacy laws. Garante claimed ChatGPT exposed payment information and messages, and allowed children to access inappropriate information. Other countries that have passed or introduced laws regulating AI include Australia, China, the European Union, the U.S., Japan and the U.K.

Original news here.

Competition Authority Launches Comprehensive Review of ExxonMobil Cyprus Acquisition

Investigation Initiated Over Strategic Acquisition

The Competition Protection Authority has commenced a thorough investigation into the acquisition of ExxonMobil Cyprus Limited’s share capital by Petrolina Holdings Public Ltd through Med Energywise Ltd. This inquiry was formally initiated following a session held on 10 September 2025, after an in-depth review of the pertinent report by the Authority’s Service.

Concerns Over Market Compatibility

Authorities have expressed serious concerns regarding the compatibility of the transaction with established competitive practices. The review indicates that the acquisition may affect several critical petroleum markets, both horizontally and vertically, thereby raising the potential for adverse impacts on market dynamics.

Horizontal Market Dynamics

On the horizontal front, potential effects have been identified in the import market for petroleum products, as well as in both wholesale and retail distribution channels of these products. The consolidation is believed to increase the risk of price rises and coordinated actions, given the direct competitive proximity between Petrolina and ExxonMobil.

Vertical and Adjacent Market Implications

Vertical aspects of the merger are also under close scrutiny. The new entity could restrict competitors’ access to critical infrastructure such as storage facilities, supply channels, and customer bases. These restrictions could further affect the onshore distribution of fuels, the wholesale market for lubricants, and specialized technical services connected with fuel station operations.

Local Market Considerations

Particular attention is being paid to the potential concentration in the retail fuel market. The investigation suggests that a reduced competitive landscape within a four-kilometer radius of the companies’ fuel stations could lead to diminished local competition, adversely impacting consumer prices and options.

Next Steps and Industry Impact

The Competition Protection Authority, which reached a unanimous decision to pursue a full investigation, remains open to submissions from parties that might be affected by this transaction, as mandated by current legislation. A final decision is expected within four months upon receipt of all necessary evidence, potentially setting a significant precedent for future market consolidation cases in the energy sector.

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