Major technology firms have cautioned that artificial intelligence could disrupt their business models, according to financial reports cited by Bloomberg.
Meta Platforms Inc. has expressed concerns that its AI could be used to spread misinformation during elections.
Microsoft Corp. fears potential copyright infringement claims related to neural network training.
Oracle Corp. believes its AI products might underperform compared to others.
Alphabet Inc., Google’s parent company, has warned that the use of its AI-based tools “could negatively impact human rights, privacy, employment, and other social issues.”
According to the agency, at least twelve major tech companies have published or updated AI-related warnings in their financial reports to the SEC. These include Palo Alto Networks Inc., Dell Technologies Inc., Nvidia, Adobe Inc., and Uber Technologies Inc.
Bloomberg notes that companies outline these risks to avert potential lawsuits from shareholders.
“There is a herd mentality in risk disclosure. If one company fails to disclose a risk that its peers have, it could lead to litigation,” said corporate law professor Adam Pritchard.
In March, OpenAI called for a responsible approach to AI development.
In June, reports emerged that Apple rejected Meta’s proposal to integrate its chatbot into the iPhone due to insufficiently stringent privacy policies.