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Today: June 21, 2024
February 28, 2024
1 min read

Public Service Enterprise’s tech risk: a worry or opportunity?

TLDR:

Public Service Enterprise Group (PSEG) faces significant risk in the realm of artificial intelligence (AI) technology. The company’s dependence on AI technologies increases the risk of operational failures and potential legal challenges. The average stock price target for PSEG is $65.00, implying a 5.55% upside potential.

In a recent disclosure, Public Service Enterprise Group (PSEG) has identified a new risk in the technology category. The company faces considerable business risk with the increasing use of artificial intelligence (AI) technologies. Ineffective development or deployment of AI by PSEG or its vendors could lead to unintended adverse outcomes such as reputational damage or legal challenges.

The dependence on AI technologies also increases the risk of operational failures and requires substantial investment for development and compliance with potential new regulations. Errors in AI implementation could disrupt operations and damage PSEG’s reputation, highlighting the need for rigorous oversight and quality control in AI implementations.

The average stock price target for Public Service Enterprise Group is $65.00, suggesting a 5.55% upside potential. Investors and stakeholders are advised to be cautious of the technology risks associated with the company as they continue to navigate the evolving landscape of AI technologies.

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