At the recent annual meeting of Apple shareholders, CEO Tim Cook reiterated the company’s commitment to advancing artificial intelligence (AI) systems. Cook pledged to unveil details of initiatives that “will lay the foundation for generative artificial intelligence” and “redefine the future.” This announcement follows Cook’s earlier mention of these plans just a month ago.
Investment in Generative AI:
Cook emphasized Apple’s significant investment in generative AI, noting its potential for breakthroughs. He highlighted the technology’s capacity to transform user experiences by enhancing productivity and solving diverse problems. Cook pointed out that many Apple devices already incorporate AI technologies.
Current AI Integration:
Various Apple products showcase the integration of AI. The Vision Pro augmented reality headset utilizes AI to track user hand movements, while the Apple Watch monitors heart rates and predicts workout modes. Cook asserted that every Apple-powered Mac is a potent AI-enabled computer, positioning them as leading AI devices in the market.
Shareholder Proposals and Board Changes:
Among shareholder proposals, Apple rejected the idea of regularly disclosing detailed information about its AI technology use, citing potential risks to business competitiveness. The AFL-CIO Equity Index Funds expressed concerns about potential intellectual property violations, particularly in training language models. The company defended its decision, emphasizing the need to protect sensitive information, notes NIX Solutions.
Additionally, Apple shareholders approved Wanda Austin, former CEO of Aerospace, as a new board member. Austin will fill the seats left vacant by the resignations of Albert Gore and James Bell.