Apple Shareholders Reject AI Transparency Report Request

SOURCE finance.yahoo.com
Apple Inc. shareholders rejected a labor-backed request for an artificial intelligence transparency report, which would have delved into whether the company is using the technology ethically. The proposal was voted down at Apple’s annual meeting along with other measures on equal employment policies, civil liberties, racial and gender pay gaps, and human rights. The AI proposal urged Apple to disclose the ethical guidelines it follows in adopting the technology. Despite being defeated, it was a closer vote than other shareholder proposals.

Key Points

  • Labor-backed request for an AI transparency report rejected at Apple’s annual meeting.
  • Proposal urged Apple to disclose ethical guidelines in adopting AI technology.
  • Despite defeat, the AI proposal had a closer vote compared to other shareholder proposals.

Pros

  • Shareholders approved the board slate and the company’s executive compensation plan.

Cons

  • Labor-backed request for an AI transparency report was rejected.
  • Other measures on equal employment policies, civil liberties, racial and gender pay gaps, and human rights were also rejected.