tl;dr
Apple (NASDAQ:AAPL) and The Walt Disney Company (NYSE:DIS) face shareholder votes on their use of artificial intelligence, with the U.S. SEC rejecting their requests to exclude calls for AI reports from upcoming annual meetings, according to a Reuters report. Organizations are embracing AI's potenti...
Apple (NASDAQ:AAPL) and The Walt Disney Company (NYSE:DIS) face shareholder votes on their use of artificial intelligence, with the U.S. SEC rejecting their requests to exclude calls for AI reports from upcoming annual meetings, according to a Reuters report. Organizations are embracing AI's potential efficiencies but are met with concerns about its impact on the workforce, as reflected in similar proposals by the AFL-CIO at other technology companies. At Apple, the group requests for a report on AI use in its business operations and ethical guidelines, while at Disney, it seeks insight into the board's role in AI oversight.
Supporting statements made by the AFL-CIO highlight concerns about AI systems being trained on copyrighted works without consent and compensation, indicating a potential shift in companies' AI disclosures, following the SEC rulings. While Apple and Disney argued that the proposals pertained to ordinary business operations, the SEC disagreed, asserting that the proposals did not seek to micromanage the companies. As generative AI services continue to gain traction, questions about intellectual property rights and their impact on the workforce remain open.
More about Apple Inc
Apple Inc. is a leading American multinational technology company with a strong focus on consumer electronics, computer software, and online services. In 2020, the company reported a record-breaking revenue of $274.5 billion, solidifying its position as the world's largest technology company by revenue. Since January 2021, Apple has also become the world's most valuable company. Despite its significant market presence, Apple faces stiff competition in the technology sector, ranking as the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. As an integral player among the Big Five American information technology companies, including Amazon, Google, Microsoft, and Facebook, Apple's stock performance and market sentiment are closely monitored by investors and analysts.
More about Walt Disney Company
Walt Disney Company (DIS) is a diversified multinational mass media and entertainment conglomerate with a market cap of $167.75 billion. The stock is currently trading at $71.05, with a 1.29% increase over the last trading session. The Relative Strength Index (RSI) is at 48.63, indicating a neutral sentiment. The stock is currently trading below the 50-day moving average of $94.35, suggesting a bearish trend. The company's market sentiment is impacted by uncertainties in the global entertainment industry due to the ongoing pandemic, which may pose potential risks to its future performance.
More about New York Times Company
The New York Times Company, a leading provider of news and information, has shown positive stock performance with a current stock price of $40.25 and a market capitalization of $7.68 billion. The stock has a relatively low beta of 0.51, indicating lower volatility compared to the overall market. The company's price-to-earnings ratio stands at 14.48, suggesting reasonable valuation. However, the Relative Strength Index (RSI) of 46.29 indicates a neutral sentiment, and the Bollinger Bands show a narrow trading range, suggesting potential consolidation. The company's revenue of $2.39 billion and net income of $455 million indicate a stable financial position. Overall, while the stock has shown positive performance, the neutral market sentiment and potential consolidation indicate some uncertainty in the near term.
More about Microsoft Corporation
Microsoft Corporation is a major player in the technology industry, known for its software products such as Microsoft Windows, Office suite, and web browsers, as well as hardware products like Xbox and Surface computers. With a total revenue of 2.75 trillion, the company has a market sentiment that is generally positive. The stock performance shows a current price of 35.98 with a 10.3% dividend yield. However, the stock has a relatively low RSI of 29.35, indicating potential oversold conditions. While the company is a leader in its industry, it's important to consider the potential risks and uncertainties associated with its stock performance, as past behavior may not always predict future performance.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.