ESG Investor
Audrey Mocle
Investors at War with Tech Firms on AI

The US military alone has more than 800 active AI-related projects and has requested almost US$2 billion in funding for AI in the 2024 budget.

“Any companies providing technologies to militaries that could be violating human rights or the laws of war run the risk of criminal indictments, sanctions, civil suits and considerable reputational damage,” said Audrey Mocle, Deputy Director of non-profit Open MIC.“The risks for investors in these tech firms increase as they become more enmeshed with the [weapons] sector.”

Investors at War with Tech Firms on AI
Tech Policy Press
Audrey Mocle
Artificial General Intelligence: What Are We ...

Investors, particularly those with stakes in the big tech hyperscalers and limited partnerships in venture funds exposed to generative AI, should be critical of overselling the benefits of this new technology — financial or otherwise. Efforts should be made to encourage the deployment of this technology toward more productive ends. Any actual benefits should be weighed against the very real costs for which tech companies should be held accountable.

Artificial General Intelligence: What Are We Investing In?
ESG Investor
Michael Connor
Investors Keep Tech Bros in Sights

US-based tech firms’ close ties with the Trump administration are unlikely to discourage continued pushback and engagement from ESG-focused investors in the longer term.

“Aligning with political leaders may seem expedient in the short-term, but tech company heads may regret going all in if these leaders’ popularity declines or their policies are seen to be capricious and harmful to people and markets,” - Jessica Dheere, Open MIC Advocacy Director

“While Trump will undoubtedly have an impact short-term, we think ESG principles will ultimately prevail because they represent a smart way of doing business.” - Michael Connor, Open MIC Executive Director

Investors Keep Tech Bros in Sights
ESG Investor
Michael Connor
Keeping up with AI

With AI-related risks being inherently global in nature, the hope and anticipation is that there will be a suitably robust regulatory environment wherever the technology is deployed, Michael Connor, Executive Director at Open MIC, tells ESG Investor.

“Many companies have global activities, so we need to ensure that if they are applying a higher standard in Europe due to EU regulations, this should be the case wherever they operate to foster greater corporate accountability in the deployment and use of digital technologies,” he says.

Keeping up with AI

DEI

Investors Keep Tech Bros in Sights

Investors Keep Tech Bros in Sights

US-based tech firms’ close ties with the Trump administration are unlikely to discourage continued pushback and engagement from ESG-focused investors in the longer term.

“Aligning with political leaders may seem expedient in the short-term, but tech company heads may regret going all in if these leaders’ popularity declines or their policies are seen to be capricious and harmful to people and markets,” - Jessica Dheere, Open MIC Advocacy Director

“While Trump will undoubtedly have an impact short-term, we think ESG principles will ultimately prevail because they represent a smart way of doing business.” - Michael Connor, Open MIC Executive Director

Subscribe to Updates

* indicates required

Contact Us
media@openmic.org
(646) 470-7748


Connect on Social Media