Apple Stockholders Eager for AI Innovations, Less Concerned about Ethics
Apple stockholders are eagerly anticipating updates on the company’s artificial intelligence endeavors. Specifically, they are interested in learning how generative AI will be integrated into the iPhone and other devices, including an enhanced Siri digital assistant. Apple’s stock has somewhat lagged behind in the AI boom this year, making such updates crucial for investors. However, detailed product information may not be available until June, during the company’s developers’ conference.
On the other hand, Apple investors seem less preoccupied with discussions surrounding the ethical and social implications of AI. This was evident when a proposal, put forth by AFL-CIO Equity Index Funds during the annual shareholder meeting, which sought a report on Apple’s AI usage and disclosure of any ethical guidelines, was rejected by stockholders. The company disclosed this decision on Wednesday, indicating that Apple’s investors align more with the accelerationist approach in AI development.
OpenAI under Scrutiny Following CEO’s Controversial Ousting
The intersection of ethical AI practices and corporate structures can present challenges, as exemplified by OpenAI, a nonprofit entity with a for-profit arm. The recent controversy surrounding the firing and subsequent reinstatement of CEO Sam Altman has attracted scrutiny, particularly from the Securities and Exchange Commission (SEC).
Investigations by the SEC are probing whether OpenAI investors, including Microsoft, were provided with accurate information regarding Altman’s ousting. Questions surrounding Altman’s communication transparency were raised by the previous board upon his dismissal, which still remain unresolved despite his return and substantial board changes. The SEC’s interest highlights the importance of clarity and accountability in such matters.
Despite these developments, OpenAI has yet to address inquiries from media outlets seeking comments on the situation.