The Securities and Exchange Commission (SEC) has ruled that both Disney and Apple must allow their shareholders to vote on proposals concerning the use of artificial intelligence (AI). The notices issued by the SEC state that the companies cannot exclude these proposals, which call for an assessment of their AI practices. While the specific dates for the annual shareholder meetings have not been disclosed, they are typically held in March or April. Disney’s meeting is expected to be particularly captivating due to activist investors’ efforts to gain representation on the board.
AI technology has emerged as a critical concern in Hollywood, particularly following the strikes by the WGA and SAG-AFTRA last year. Furthermore, publishers and intellectual property owners have expressed alarm over the growing influence of AI. Recently, The New York Times filed a lawsuit against OpenAI, accusing them of copyright infringement.
The AFL-CIO pension trust, a labor union federation, submitted shareholder proposals advocating for greater scrutiny of AI. The Writers Guild of America (WGA) is one of the 60 U.S. and international guilds associated with the AFL-CIO federation, which represents a total of 12.5 million union members.
Initially, both companies argued that the AI proposals involved matters of “ordinary business operations” and should be excluded from the agenda. However, the SEC disagreed, asserting that the AI proposal goes beyond ordinary business matters and does not seek to micromanage the companies.
These upcoming shareholder votes have significant implications for the future use of AI at Disney and Apple. The outcome of the vote will determine whether the companies will be required to provide comprehensive assessments of their AI practices. This decision could potentially shape the direction of AI implementation in the entertainment and technology sectors. Stay tuned for the outcome of these crucial votes and their potential impact on the world of AI.
The source of the article is from the blog karacasanime.com.ve