"SEC Rules Apple and Disney Must Allow Shareholder Votes on AI Initiatives"

1 min read
Source: Yahoo Finance
"SEC Rules Apple and Disney Must Allow Shareholder Votes on AI Initiatives"
Photo: Yahoo Finance
TL;DR Summary

The U.S. Securities and Exchange Commission (SEC) has ruled that Apple and Disney must allow shareholder votes on their use of artificial intelligence (AI), as requested by the AFL-CIO labor union. The AFL-CIO, which has filed similar proposals at other tech companies, is seeking transparency and ethical guidelines on AI usage, including issues of consent and compensation for creators. Apple and Disney had sought to exclude these proposals from their annual meetings, arguing they pertained to ordinary business operations, but the SEC found the issues to be significant enough to warrant shareholder consideration.

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