Risk Factors Update Summary
- Increased utilization of artificial intelligence poses risks of reputational harm, competitive challenges, and legal liability.
- Investments in AI adoption may be more expensive than anticipated, potentially impacting financial resources.
- Competition with companies like Palantir and Scale.ai in AI projects may affect market share.
- Price competition could lead to reduced sales to existing customers, impacting financial performance.
- Changes in customer investment plans resulted in lower sales than anticipated in 2023.
- Failure to provide high-quality services may lead to legal claims, proceedings, and liability.
- Uncertainty in legal regulatory regimes for AI may require significant resources for compliance.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1050377&owner=exclude
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