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Apple's shareholders will let it keep its AI business under wraps

Feb 28, 2024 - businessinsider.com
Apple's shareholders have voted against a proposal for a transparency report on the company's use of artificial intelligence (AI) in its business practices. The proposal, put forward by the AFL-CIO Equity Index Funds, the largest labor union federation in the US, called for transparency on ethical AI use and its potential impact on workers, consumers, and the public. The union also urged other companies, including Disney, Netflix, and Warner Brothers Discovery, to release similar reports.

The AFL-CIO also called for protection of copyrighted works in AI training, demanding transparency, consent, and compensation for creators and rights holders. However, Apple's major shareholders argued that disclosing too much about the company's technology could harm its competitive strategy. Disney's shareholders are set to consider a similar proposal at their annual meeting in April.

Key takeaways:

  • Apple's shareholders have voted against a measure that called for a transparency report on the company's use of artificial intelligence (AI) in its business practices.
  • The measure was proposed by AFL-CIO Equity Index Funds, the largest labor union federation in the US, which also urged other companies like Disney, Netflix, and Warner Brothers Discovery to release AI transparency reports.
  • The AFL-CIO believes that transparent ethical guidelines around the use of AI would help protect workers, consumers, and the public from potential harms of the technology.
  • Apple's major shareholders argued that revealing too much about the company's technology could negatively impact its competitive strategy.
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