Tulipshare, an activist investor organization, has sent a shareholder resolution asking Berkshire Hathaway (BRK-B) to set up an independent committee to monitor artificial intelligence-related risks across its holdings. The resolution will be discussed at the May 3, 2025 annual meeting.
Tulipshare underlined the possible hazards of artificial intelligence abuse including data leaks, invasions of privacy, business interruptions, and issues of human rights. It maintained that Berkshire's broad impact in several sectors presents a special chance to lead in AI governance.
Under Chairman Warren Buffett (Trades, Portfolio), Berkshire Hathaway did not reply right away to questions. With 30.2% of the voting power in the firm, Buffett has always opposed ideas to establish independent committees, pointing out the company's distributed management system.
Although Buffett said he knew little about the technology, he noted at last year's shareholder meeting the great promise of artificial intelligence as having "enormous potential for good and enormous potential for harm."
Tulipshare's suggestion highlights growing calls for corporate responsibility in AI implementation, particularly at businesses like Berkshire Hathaway with significant industry impact.
Berkshire Hathaway Faces Call for AI Governance Amid Rising Concerns Over Technology's Risks
Tulipshare pushes Berkshire Hathaway to address AI risks, spotlighting corporate responsibility amid rapid technological growth
5 days ago
Summary
- Activist investor Tulipshare urges Berkshire Hathaway to form an independent AI risk committee, citing growing concerns.
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