Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-K/A
Source: 0001731122-25-000252
Chunk: 69

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-K/A
Chunk 69
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 built and seeks to further develop its own technology using the latest in AI and
machine learning, cloud-based technologies and other tools to differentiate Renovaro Cube’s products and technologies. In addition,
Renovaro Cube’s dedication to incorporating technological advancements into its AI platform requires significant financial and personnel
resources and talent. Renovaro Cube’s development efforts with respect to these initiatives could distract management from current
operations and could divert capital and other resources from other growth initiatives important to Renovaro Cube’s business. Renovaro
Cube operates in an industry experiencing rapid technological change and frequent product introductions. Renovaro Cube may not be able
to make technological improvements as quickly as demanded by its customers, or Renovaro Cube may not be able to accurately predict the
demand or growth of its technological investments, which could harm its ability to attract customers and have a material and adverse effect
on its business, results of operations, financial condition and future prospects. In addition, Renovaro Cube may not be able to effectively
implement new technology-driven products and services as quickly as its competitors or be successful in marketing these products and services
to potential customers. If Renovaro Cube is unable to successfully and timely innovate, Renovaro Cube could experience reputational damage
and decreased demand for its AI platform and other products and technologies and its growth, business, results of operations, financial
condition and future prospects could be materially and adversely affected.

Renovaro Cube’s AI platform and other related products may become obsolete due to fast growing technological innovations or the entry of competitors with more financial and brand power.

AI is a fast growing industry and
Renovaro Cube must successfully adapt and manage technological advancements in AI and AI-related markets, as well as effectively
compete with the emergence of additional competitors in the AI industry in order to maintain and grow Renovaro Cube’s AI business
and products. Thus, the success of Renovaro Cube’s AI platform, other products and business depends in large part on its ability
to keep pace with rapid technological changes in the development and implementation of AI products. For example, the development of groundbreaking
technological innovations in AI, or innovations that would render AI obsolete, would harm Renovaro Cube’s business and make its
platform or other products less durable. Further, the entry of competitors into the AI market that have more financial and brand power
could cause Renovaro Cube’s share of the market to be significantly reduced thereby negatively affecting its business, operating
results and financial condition.