Risk Factors Update Summary
- Addition of new state privacy laws in 2023, including Virginia, Colorado, and Utah, may impact operations.
- Change from "exclusive forum for certain types of actions" to "legal action" may make challenging corporate actions more difficult.
- Increased focus on AI markets and potential shift in customer demand towards AI technologies.
- Change from "may" to "make" in the forum provision could limit stockholders' ability to bring claims.
- Introduction of the European Union's AI Act in 2023 may impact businesses navigating regulatory landscape.
- Change from "it" to "you and" emphasizes potential difficulty for stockholders in challenging actions.
- Potential impact of the European Commission's adequacy decision on data transfers between the US and EU.
- Increased regulatory scrutiny and compliance burden related to AI technologies and data privacy laws.
- Risks associated with technical disruptions affecting services from third parties and IT service providers.
- Concerns regarding intellectual property ownership and license rights surrounding AI technologies.
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=1794515&owner=exclude
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