Church questions ethics of investment in AI

(iStock)
(iStock)

The Church of England has launched a study into an existential question: do its investments in big-tech giants contradict the Christian faith?

The Church's Ethical Investment Advisory Group (EIAG) will determine whether some of the new technologies undermine "the very idea of God", a spokesperson for the Church told AFP on Monday.

The year-long review was first reported by The Daily Telegraph newspaper.

EIAG was set up in the early 1990s to help make sure that more than $15.5bn in assets held by the Church's various institutions are put to ethical use.

"Artificial intelligence (AI) is an important element of this review," the spokesperson said.

The EIAG is in talks with technology experts as well as politicians and theologians "to try to make sense of the issues", the spokesperson said.

It wants to reach a conclusion "that is not only grounded in theology and distinctly Anglican but is also practical", he added.

EIAG did not specify how much money the Church has invested in the likes of Google's parent company Alphabet and Amazon.

The Church's 2018 annual report also reported investments in drugs development companies AstraZeneca and GlaxoSmithKline.

"Some argue that tech has brought enormous benefits to society but others note a growing realisation of the limitations and downsides of technology," the spokesperson said.

ZAR/USD
17.67
(-0.01)
ZAR/GBP
23.09
(-0.15)
ZAR/EUR
20.75
(+0.31)
ZAR/AUD
12.63
(+0.07)
ZAR/JPY
0.17
(+0.06)
Gold
2023.90
(-0.15)
Silver
28.84
(+2.55)
Platinum
982.50
(+2.05)
Brent Crude
44.57
(0.00)
Palladium
2228.00
(+2.31)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 943 votes
It depends on how the funds are used.
74% - 6288 votes
No. We should have gotten the loan elsewhere.
15% - 1293 votes
Vote