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Apple’s OpenAI Deal Targeted by Shareholders!

Some of Apple’s shareholders are gearing up to target the company over its equality and inclusivity policies in the field of artificial intelligence. Concerns are being raised about the security risks that the Apple-OpenAI collaboration could pose.

Apple’s diversity policies and the OpenAI deal have come under fire by shareholders. At the annual shareholder meeting, the company’s resistance to corporate activism following Donald Trump’s election as U.S. President will be criticized. Additionally, there will be voices raised against the Apple-OpenAI collaboration. TWO PROPOSALS TO BE VOTED ON Shareholders of the $3.7 million company will vote on two proposals regarding the company’s diversity, equality, and inclusivity (DEI) policies in relation to artificial intelligence this Tuesday. A non-profit investor group argues that recent decisions by the U.S. Supreme Court on DEI policies could expose the company to potential lawsuits. One shareholder proposal also calls for a report on how Apple will ensure an ethical artificial intelligence strategy. The proposal warns of data privacy and security risks that may arise from Apple’s partnership with OpenAI. Apple had announced a collaboration with OpenAI to introduce artificial intelligence features to iPhone devices with the iOS 18 update.

TECH GIANTS CLOSE TO TRUMP Two shareholder proposals are set to be voted on at a time when technology giants are inching closer to the new U.S. administration. While Apple is reported to be against both proposals, the likelihood of them being accepted is deemed low. BlackRock and Vanguard, among the company’s largest shareholders, steer clear of political shareholder activism. On the other hand, Apple CEO Tim Cook was prominently present at Trump’s inauguration ceremony.

Among the companies retracting their DEI policies in the new era of Trump are Meta, Google, Amazon, Walmart, McDonald’s, and Target.

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