Summary by Futu AI
Arjuna Capital, on behalf of Alphabet Inc. shareholders, has submitted a proxy proposal for Alphabet's 2024 Annual Meeting, urging shareholders to vote for Proposal 12. This proposal requests Alphabet to report on the risks and mitigation plans associated with misinformation and disinformation spread through its generative Artificial Intelligence (gAI) technologies. The proposal highlights several instances where Alphabet's gAI tools, including the chatbot Bard and the Large Language Model Gemini, have disseminated false information, leading to significant market value losses. It also points out the potential legal, democratic, regulatory, and economy-wide risks posed by such misinformation. Arjuna Capital emphasizes the urgency of implementing an accountability mechanism to ensure Alphabet effectively addresses these risks. The proposal calls for a comprehensive report assessing the risks and effectiveness of Alphabet's mitigation efforts, to be published within a year and updated annually.