Copernicus’ realisation that the Earth revolves around the Sun and is merely one planet amongst many marked a significant turning point. If the Earth was not the immovable centre of the universe, what did that mean for humankind? Combined with Gutenberg’s invention of the printing press, this realisation led Europe to re-examine the world. Copernicus changed the way we view the world; Gutenberg changed the way we engage with knowledge.
Today, we find ourselves in a similar situa-tion with artificial intelligence (AI). True intelligence remains the exclusive preserve of human beings. However, AI demon-strates that it can become more efficient with AI support. Just as Copernicus and Gutenberg unlocked additional human capabilities, AI today enhances human productivity.
The world is in a state of upheaval. The hegemonic power structure has been eroded and is now facing competition from emerging powers that are highly advanced in the field of technology. Global trade is characterised by protectionism and over-regulation. On a societal level, we have reached a point where state control and regulation are becoming excessive. The individual’s right to self-determination and personal responsi-bility are being eroded. A culture of a standardised society, with growing expectations of welfare provision, is emerging. Are we, in our interaction with AI, at risk of losing ourselves?
True intelligence remains
the exclusive preserve of human
beings. AI enhances human
productivity.
That depends on whether we can once again become aware of what it means to be human. A guiding principle is provided by Pope Leo XIV’s encyclical Magnifica Humanitas, which em -phasises instinctive judgement and critical thinking, humanity and common sense – qualities that a machine can hardly ever replace.
AI may surpass humans in terms of speed and processing power, but ultimately it merely mimics their intelligence. Just as it was some 500 years ago, the challenge today lies in questioning circumstances and developments more critically and becoming more aware once again of human capabili-ties. AI may be superior in some areas, but it cannot replace human intelligence, especially creativity and the notion of responsibility.
One of the truly human qualities is the ability to be innovative and entrepreneurial, and to take responsibility. In the field of wealth preservation many intangible facts are to be used. This includes, for example, managing one’s assets prudently. This raises the legitimate question, how assets can be managed sustainably? Legal structures are needed that take this aim into account in the long term and ensure that assets are protected and can generate long-term benefits. The following pages provide an overview of the key legal forms that Liechtenstein has to offer.
Michael of Liechtenstein
Executive Chairman