Tulipshare, an activist investor organization, sent a shareholder resolution asking Berkshire Hathaway (BRK-B) to create an independent committee to monitor artificial intelligence risks across its holdings. The resolution will be discussed at the annual meeting on May 3, 2025. Tulipshare highlighted the possible risks of misuse of artificial intelligence, including data leaks, privacy breaches, business interruptions and human rights issues. He argued that Berkshire’s broad impact across multiple industries presents a particular opportunity to become a leader in AI governance. Warren Buffett (Professions, Wallet), Berkshire Hathaway did not immediately respond to questions. With 30.2% of the voting rights in the company, Buffett has always opposed the idea of creating independent committees, emphasizing the company’s distributed management system. Although Buffett said he knew little about the technology, he highlighted at last year’s shareholder meeting the great promise of artificial intelligence as having “enormous potential for good and enormous potential of harm.” Tulipshare’s suggestion highlights growing calls for corporate responsibility in implementing AI, particularly at companies like Berkshire Hathaway, which are having a significant impact on the industry.
This article first appeared on GuruFocus.