12:21:02 EDT Fri 22 May 2026
Enter Symbol
or Name
USA
CA



Shopify Inc
Symbol SHOP
Shares Issued 1,219,848,744
Close 2026-05-21 C$ 144.51
Market Cap C$ 176,280,341,995
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Globe says Alphabet, Shopify holders seek curbs on AI

2026-05-22 07:53 ET - In the News

See In the News (C-GOOG) Alphabet CDR (CAD Hedged)

The Globe and Mail reports in its Friday edition that some shareholder groups are increasingly concerned about the liability risks that come with the unfettered development of artificial intelligence and are pushing companies to adopt more stringent oversight measures. The Globe's Joe Castaldo writes that Vancity Investment Management in Vancouver wants Google parent Alphabet do a better job of preventing AI chatbots from spreading misinformation, while other investors including the Pension Plan of the United Church of Canada want Shopify to put in place a policy governing responsible AI use. The investors filed shareholder proposals with Alphabet and Shopify ahead of each company's annual meeting in June. Both companies have advised shareholders to vote against the proposals. The risks related to generative AI include biased results and false information, as well autonomous agents that can take unintended but harmful actions, such as deleting computer code. AI has become a focus for some socially responsible investment groups in recent years, including the human-rights risks associated with facial-recognition technology. Meta Platforms is also facing a handful of AI-related proposals, including copyright abuses.

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