Shareholders Press Alphabet on AI and Cloud Governance
Alphabet investors are seeking a meeting to discuss governance of AI and cloud services. The group wants data on how governments use services for surveillance.
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ALPHABET INC-CL A shareholders managing $1.15 trillion are demanding transparency on how the company governs cloud and AI surveillance technology. The group, representing 42 organizations and 14 individuals, owns $2.2 billion in shares and seeks to mitigate risks from government contracts. Misuse of these technologies exposes investors to regulatory action and fines of up to 4% of global revenue under European law.
