Investors Managing $1.15T Urge Alphabet for Cloud, AI Safeguards After Resolution Rejection

A coalition of 42 organizations and 14 individuals managing $1.15 trillion has pressed Alphabet for clearer governance and contractual safeguards on government use of its cloud and AI tech. This follows the company's opposition to a shareholder resolution seeking disclosure on such risks, with signatories holding $2.2 billion in Alphabet stock demanding meetings. They highlight projects like the $1.2 billion Project Nimbus Israel cloud deal and Pentagon expansion of Google's Gemini model, warning of litigation, regulatory action, and GDPR fines up to 4% of revenue. Broader scrutiny on Microsoft, Amazon, and Apple could amplify pressure on Alphabet's stock.