Risk Factors Update Summary

• Risks related to acquisitions increased due to the acquisition of Paperspace for AI/ML services.
• Acquisition of Paperspace may not result in expected synergies, affecting revenue and operating results.
• Increased risk due to limited experience in operating managed cloud hosting services.
• Potential re-imposition of net neutrality rules could impact operations, but uncertainty remains.
• Potential financial impact due to fluctuations in interest rates and energy prices.
• Increased focus on AI/ML technologies may lead to reputational harm and regulatory scrutiny.
• Risks associated with the ongoing conflict between Russia and Ukraine impacting global economic conditions.
• Stringent privacy laws in various states may impact business operations and compliance costs.
• Increased competition in the AI/ML market due to new technological developments.
• ESG-related initiatives could be costly to implement and failure to achieve them may lead to criticism.
• Risks related to the integration and growth of acquired companies, such as Cloudways and Paperspace.
• Changes in export controls may restrict access to certain markets, affecting financial results.
• Uncertainties related to the implementation of tax regulations like BEPS 2.0 and their impact.
• Failure to comply with anti-corruption laws in international business may lead to penalties.