Apple and Disney have been denied the exclusion of shareholder votes on their use of artificial intelligence by the US Securities and Exchange Commission. Both companies requested to avoid calls for reports on their AI usage in their upcoming annual meetings, but the requests were rejected. This decision raises concerns about AI’s impact on job security and fair use of intellectual property. The AFL-CIO, a labor union federation, has filed similar proposals with other technology firms.
India’s technology powerhouses, including TCS, Infosys, and HCLTech, are increasing their operating margins instead of pursuing revenue expansion. These companies are prioritizing cost management, employee productivity, and resource optimization to enhance profitability. Despite the challenges posed by a slowdown in tech spending and reduced revenue guidance, experts believe that these companies will successfully improve their margins in the short term.
