The proposals for closer scrutiny of AI were filed by a pension trust of the AFL-CIO, a federation of labor unions. The issue of AI has become increasingly important in Hollywood and for owners of intellectual property, with the New York Times recently filing a lawsuit against OpenAI for copyright infringement.
Key takeaways:
- Shareholders of Disney and Apple will be given the chance to vote on proposals regarding the use of artificial intelligence, as determined by the Securities and Exchange Commission (SEC).
- The SEC issued notices stating that the companies could not exclude proposals calling for an assessment of their use of AI.
- Shareholder proposals urging closer scrutiny of AI were filed by a pension trust of the AFL-CIO, the labor union federation.
- The SEC disagreed with the companies' argument that the proposals could be excluded from the shareholder meeting agenda because they concerned “ordinary business operations”, stating that the AI proposal “transcends ordinary business matters and does not seek to micromanage the company.”