Public Service Enterprise (PEG) has disclosed a new risk, in the Technology category.
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Public Service Enterprise Group (PSEG) faces considerable business risk with the burgeoning realm of artificial intelligence (AI). Ineffectual development or deployment of AI by PSEG or its vendors might lead to unintended, adverse outcomes, such as reputational damage or legal challenges. The dependence on AI technologies, which may be based on biased or inadequate data sets, increases the risk of operational failures and necessitates substantial investment for development and compliance with potential new regulations. Moreover, AI-related errors could disrupt operations and tarnish PSEG’s reputation, underscoring the need for rigorous oversight and quality control in AI implementations.
The average PEG stock price target is $65.00, implying 5.55% upside potential.
To learn more about Public Service Enterprise’s risk factors, click here.