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Apple’s OpenAI Deal Under Scrutiny by Shareholders!

Some of Apple’s shareholders are preparing to target the company’s artificial intelligence initiatives with equality and inclusivity policies. Concerns are being raised that the Apple-OpenAI collaboration could pose security risks.

Apple’s diversity policies and the OpenAI deal are being criticized by shareholders. At the annual shareholder meeting, the company’s resistance to corporate activism following Donald Trump’s election as President of the United States will be scrutinized. Additionally, voices will be raised against the Apple-OpenAI partnership. TWO PROPOSALS TO BE VOTED ON The company’s investors, totaling $3.7 million, will vote on two proposals regarding diversity, equality, inclusivity (DEI), and artificial intelligence policies on Tuesday. The non-profit investor group argues that recent decisions by the U.S. Supreme Court regarding DEI policies expose the company to potential lawsuits. A shareholder proposal also requests a report on how Apple will ensure an ethical artificial intelligence strategy. The proposal warns of data privacy and security risks associated with Apple’s partnership with OpenAI. Apple had previously 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 being voted on at a time when technology giants are moving closer to the new U.S. administration raises eyebrows. While Apple is reported to oppose both proposals, the likelihood of their approval is seen as low. Among the company’s largest shareholders, BlackRock and Vanguard are keeping a distance from political shareholder activism.

On the other hand, Apple CEO Tim Cook was prominently seated at Trump’s inauguration ceremony.

Companies withdrawing DEI policies in the wake of Trump’s new term include Meta, Google, Amazon, Walmart, McDonald’s, and Target.

Apple’s OpenAI Deal Under Scrutiny by Shareholders!

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