Backblaze, Inc. (BLZE) has disclosed a new risk, in the Technology category.
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Backblaze, Inc. faces significant risks associated with its use of artificial intelligence technologies to boost internal productivity and efficiency. The implementation of AI introduces operational, legal, reputational, and competitive challenges, as AI models can produce flawed outputs that may impact decision-making and customer trust. Reliance on third-party providers for AI tools further exposes the company to data security risks and potential noncompliance with privacy laws. Additionally, the evolving landscape of AI regulation and intellectual property issues could impose further compliance burdens and impact Backblaze’s operations adversely.
The average BLZE stock price target is $8.83, implying 32.19% upside potential.
To learn more about Backblaze, Inc.’s risk factors, click here.