AI proposal – pressnews

[ad_1] Apple Inc. shareholders rejected a labor-backed request for an artificial intelligence transparency report, which would have delved into whether the company is using the technology ethically. The proposal, submitted by AFL-CIO Equity Index Funds, was voted down in a preliminary tally at Apple's annual meeting on Wednesday. Shareholders also rejected measures about equal employment policies, civil liberties, racial and gender pay gaps, and human rights. They approved the board slate and the company's executive compensation plan. The AI proposal urged Apple to disclose the ethical guidelines that it follows in adopting the technology. Artificial intelligence raises “a number of social policy issues,” according to the measure's supporting statement. That includes whether it may resu...

[ad_1] Wall Street's main regulator is unveiling proposed restrictions for brokerages and money managers that use artificial intelligence to interact with clients.The US Securities and Exchange Commission approved a plan on Wednesday to root out what Chair Gary Gensler has said are conflicts of interest that can arise when financial firms adopt the technologies. The agency also adopted final rules requiring companies to disclose serious cybersecurity incidents within four business days after they're deemed significant. The AI proposal is the latest salvo from Washington regulators concerned about the technologies' power to influence everything from credit decisions to financial stability. Companies would need to assess whether their use of predictive data analytics or AI poses conflicts...

Tag: AI proposal

Apple Shareholders Vote Down Request for AI Transparency Report

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