Summary by Moomoo AI
On May 7, 2024, Open MIC, acting on behalf of shareholders, submitted materials to Alphabet Inc. urging a vote 'FOR' Proposal 12 at the upcoming 2024 Annual Meeting. The proposal requests Alphabet to issue a report assessing the risks and plans to mitigate the dissemination of misinformation and disinformation via its generative AI technologies. Alphabet has previously established AI principles and asserts that its self-regulation measures are sufficient. However, proponents of Proposal 12 argue that without transparent reporting and accountability, the effectiveness of Alphabet's AI frameworks and policies cannot be assessed by shareholders or the public. They highlight the financial, legal, and reputational risks associated with generative AI, citing recent failures of Alphabet's AI technologies, such as Gemini, and the broader societal impacts of AI-driven disinformation. The proponents call for annual reporting to provide a clear picture of the impact of Alphabet's generative AI tools on society and to rebuild trust in technology.