Apple may be forced to reveal its AI plans to shareholders, as pressure is building internally for more transparency

AI chatbot on iPhone
(Image credit: Getty Images / Luis Alvarez)

Apple has been infamously tight-lipped regarding its AI plan, yet one shareholder movement might force it to finally reveal its plans. 

As initially reported by the Financial Times, Norges Bank Investment Management and Legal & General, which are two of the biggest Apple shareholders, are backing a proposal from the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) that could force Apple to announce its plans for AI.

According to the Financial Times report, Legal & General has requested this information from Apple, stating “We met with the company to discuss these topics, and it did not commit to increasing transparency and disclosures around AI at this time”. In response to Apple's failure to disclose its AI plans, Legal & General said "Apple should be transparent in their uses of AI and their risk management processes." Revealing its AI plans publicly could have the potential to harm Apple’s image and might remove any novelty that comes with unique selling points but this push for transparency makes some sense for major shareholders.

Why do shareholders want Apple to reveal its AI plans?

Shareholders’ continued investment in Apple is likely contingent on the company’s future plans and its AI strategy holds a certain risk as it is one of the major places that phones set themselves apart right now. Our friends over at TechRadar praised some of the Galaxy S24’s new AI features and, with new phones focusing on AI functions like image processing, wallpaper creation, and translating, Apple needs to implement a suitable response with the iPhone 16, anticipated to be the best iPhone when it launches. 

It’s important to note that there are potential downsides to Apple revealing its AI plans. As well as removing the “wow factor” of a reveal at the September Apple event, it risks competitors learning and taking advantage of potential flaws or holes in its AI plan. 

In response to the shareholder pressure to get Apple to reveal its AI plans, the company has said “the scope of the requested report is overly broad and could encompass disclosure of strategic plans and initiatives harmful to our competitive position.” With the shareholder meeting set to take place tomorrow, we will know much more about this potential proposal by then. 

More from iMore

James Bentley

James is a staff writer and general Jack of all trades at iMore. With news, features, reviews, and guides under his belt, he has always liked Apple for its unique branding and distinctive style. Originally buying a Macbook for music and video production, he has since gone on to join the Apple ecosystem with as many devices as he can fit on his person. 

With a degree in Law and Media and being a little too young to move onto the next step of his law career, James started writing from his bedroom about games, movies, tech, and anything else he could think of. Within months, this turned into a fully-fledged career as a freelance journalist. Before joining iMore, he was a staff writer at Gfinity and saw himself published at sites like TechRadar, NME, and Eurogamer. 

As his extensive portfolio implies, James was predominantly a games journalist before joining iMore and brings with him a unique perspective on Apple itself. When not working, he is trying to catch up with the movies and albums of the year, as well as finally finishing the Yakuza series. If you like Midwest emo music or pretentious indie games that will make you cry, he’ll talk your ear off.