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Meta Platforms | PX14A6G: Notice of exempt solicitation

SEC announcement ·  May 23 17:16
Summary by Moomoo AI
Meta Platforms, known as META.US, is facing scrutiny over its handling of misinformation and disinformation risks associated with generative Artificial Intelligence (AI). A shareholder proposal, identified as Proposal Six, urges the Board to produce a report detailing the company's role in the spread of such content, the steps being taken to mitigate these risks, and the effectiveness of these measures. This request comes in the wake of a recent incident where Meta approved AI-generated political ads in India that violated its own policies. These ads, which were inflammatory and targeted religious minorities, were approved for distribution during the sensitive election period. Researchers, in collaboration with India Civil Watch International, documented Meta's approval of 14 out of 22 ads...Show More
Meta Platforms, known as META.US, is facing scrutiny over its handling of misinformation and disinformation risks associated with generative Artificial Intelligence (AI). A shareholder proposal, identified as Proposal Six, urges the Board to produce a report detailing the company's role in the spread of such content, the steps being taken to mitigate these risks, and the effectiveness of these measures. This request comes in the wake of a recent incident where Meta approved AI-generated political ads in India that violated its own policies. These ads, which were inflammatory and targeted religious minorities, were approved for distribution during the sensitive election period. Researchers, in collaboration with India Civil Watch International, documented Meta's approval of 14 out of 22 ads within 24 hours, all of which contained hate speech, bullying, harassment, misinformation, and incitement to violence. The ads utilized manipulated images created by AI tools and were posted in multiple languages. The evidence of Meta's failure to enforce its policies effectively, especially during the 2024 election cycle in India, underscores the importance of Proposal Six for investors seeking transparency and accountability in the company's governance of AI technologies.
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