Apple Shareholders Reject AI Transparency Proposal Despite Cook's Big AI Promises
• Apple shareholders rejected a proposal for the company to release an artificial intelligence (AI) transparency report on its ethical use and impact.
• The proposal was submitted by the AFL-CIO Equity Index Funds and raised concerns about potential AI biases, privacy issues, and job losses from automation.
• Apple CEO Tim Cook promised the company would "break new ground" in AI this year and unlock "transformative opportunities" for users.
• Cook's 2023 pay dropped 36% to $63.2 million due to smaller stock awards, although his 2024 target award is $50 million.
• Two longtime Apple directors, Al Gore and James Bell, are departing the board after reaching the 75 age limit while director Ronald Sugar is staying on despite being 76.