Shopify shareholders have voted against the company creating an artificial intelligence policy. The idea was shot down at the tech company’s annual general meeting, but Shopify has yet to reveal how many shareholders opposed the creation of an AI policy. The proposal was put forward by the Shareholder Association for Research and Education on behalf […]
Shopify shareholders have voted against the company creating an artificial intelligence policy.
The idea was shot down at the tech company’s annual general meeting, but Shopify has yet to reveal how many shareholders opposed the creation of an AI policy.
The proposal was put forward by the Shareholder Association for Research and Education on behalf of the United Church of Canada's pension plan, which is a Shopify investor.
They wanted Shopify to create a policy because they say generative AI systems may negatively impact human rights and agentic AI can cause misinformation, manipulation and erroneous automated transactions.
Shopify's board urged shareholders not to adopt the policy because the company already has contracts and terms of service with clear guardrails around AI.
Shopify merchants use AI to run their businesses while staff have turned to the tech for coding, product development and performance reviews.
