AI and Sources Notice

1. How an answer is made

1. Weighing and price. Before any work starts, EnemoAi estimates the work your question needs and prices it (Terms, Sections 6 and 7).
2. Retrieval. EnemoAi searches its library for passages relevant to your question, by meaning and by keywords, and finds the companies you name. The search runs on our own servers.
3. Research. The passages, any documents you attached, and your earlier turns in the conversation go to the AI model. The model may then run its own searches of the same library, for base rates, precedents, the deciding numbers, and evidence against its own view, within a set number of rounds per mode (currently Mentor 3, Memo 5, Boardroom 5, Timeline 6, Pre-mortem 5, Contract X-ray 3) and within the price of the question. It may also run two analyses computed on our servers, not by the AI model: Fate Radar (what became of public companies whose financial profile was closest to the one given) and Path to the top (how an industry’s leaders grew from a given size, and how often companies at that size did). They use companies’ SEC XBRL financial data, their 8-K filings and bankruptcy records; every rate comes with its sample size, a 95% range and an evidence strength, and no rate is stated from fewer than 10 companies. With consent, anonymous outcomes that EnemoAi businesses logged for the same kind of move are shown beside them, in totals of at least 5, labeled as self-reported and never mixed into the public-record figures. It does not browse the web.
4. Writing with citations. The model writes the answer in the shape of the mode you chose. The citation for each part links back to the exact passage it rests on: company, form, filing date, section and a link to the original, or the agency and record for public records, or the page of your own document.
5. Checks. If an answer fails to complete, comes back with no citations at all, or stops before it is saved (for example, because you closed the page), everything charged for it returns to your wallet automatically. An answer that has some citations is presented and charged even if some of its statements lack one, so check that the claims you rely on are cited.
6. Freshness. Each answer that cites a filing or public record shows the date of the newest one it used; an answer that cites only your documents says so.

While you wait, EnemoAi shows which companies it is reading and quotes findings straight from the retrieved passages; those quotations are taken from the sources, not written by the AI model.

When your question names a company, EnemoAi first shows a short first read from a profile it keeps of that company: its latest reported figures and ratios, recent material events, risk flags and the gist of its latest annual or quarterly report, each linked to its source, with the date of the newest source and when the profile was last checked for new filings. The figures, events and flags are taken from the sources by fixed rules, not written by the AI model. The gist of a report section is either the section’s own opening words, quoted, or a one- or two-sentence summary written by a smaller Claude model (see Section 2) and kept only if every number in it appears in that section. The full answer that follows may add to or correct the first read.

What EnemoAi knows about your business. Every answer also reads the facts EnemoAi has learned about your business that you may see: from its data, the contracts it keeps with EnemoAi (read on our own servers, by software that keeps the sentence each term came from), your logged decisions and EnemoAi’s earlier answers to you, as you have confirmed or corrected them. They are cited like any source, as your business’s own. Facts you dismissed are never used.

Follow-through drafts. A draft (a lender letter, board memo, supplier notice or financing package) is written by the same model from one answer, that answer’s sources, your business’s own data and profile, and your instructions, with a citation for each part. Then every figure in it is checked against the sources its own sentence cites; a figure that no cited source supports is marked “[confirm: …]” for you to check instead of being shown as fact. EnemoAi never sends a draft: you edit it and send it yourself.

2. The model

Answers, alert briefs and Boardroom debates are generated by Claude, a large language model made by Anthropic, PBC, currently Claude Opus 5.5, used through Anthropic’s commercial API. Short summaries of public filing sections in company profiles are written by a smaller Claude model, currently Claude Haiku 5.5, which only ever sees the public filing text. We may change the model or its version when it improves answers. Under Anthropic’s commercial terms, Anthropic does not train its models on what we send it or what it returns. We do not train or fine-tune any model on your data.

3. The sources

• SEC filings. Annual and quarterly reports, current reports, proxy statements, registration statements, foreign issuers’ reports and key exhibits from the SEC’s EDGAR system. We are loading the full electronic archive (about 1993 to today) and adding new filings as they appear; what is searchable grows over time, so a filing may not yet be in the library.
• Your business’s own data, when your business connects it (through the Data API or by importing files): EnemoAi starts from a short summary of it and can search it for more, and cites it as your data with where it came from (the key’s name or the import file) and its date. Answers say which figures are yours and which come from other companies’ public records. Your data is only ever used for your business.
• Public records. FDIC bank failures since 1934; entities (never individuals) on the Treasury Department’s sanctions list; FDA recall and enforcement reports; Consumer Product Safety Commission recalls; Justice Department press releases; new business bankruptcy cases from the public feeds of 90 U.S. bankruptcy courts, from the time we began reading them; Federal Register final rules, proposed rules and notices; yearly counts of consumer complaints per company from the Consumer Financial Protection Bureau (never a complaint itself); OSHA inspections with citations and Wage and Hour Division cases from the Labor Department; EPA enforcement cases; NHTSA vehicle recalls since 2010; federal contract, grant and loan awards of $1 million or more to businesses from USAspending.gov; entities (never individuals) on the U.S. export screening lists; FTC cases; NLRB case filings; new lawsuits between businesses from the public feeds of 79 U.S. district courts, from the time we began reading them (case name and docket entry only, not the papers, which are on PACER); WARN layoff and closure notices from nine state labor departments; UCC financing statements and tax and judgment liens against businesses from the Colorado, Connecticut and Oregon filing offices; and business registration status changes (such as dissolutions and forfeitures) from Texas, New York, Colorado and Connecticut. The newer sources reach back about ten years, loading a little more history each day. Each source is checked on its own schedule: bankruptcy and district courts, the Justice Department, the Federal Register, the complaint database and the NLRB about every hour, the FTC and USAspending.gov about every 2 hours, the FDA and the Consumer Product Safety Commission about every 6 hours, WARN notices about every 12 hours, the FDIC, the sanctions and screening lists, NHTSA, registration status and UCC filings daily, and the EPA and Labor Department files when their publishers update them.
• Financial figures and economic data. Companies’ reported financial figures from the XBRL data in their SEC filings, each with the filing, period and filing date it came from, and ratios EnemoAi computes from them (such as margins, growth, leverage, interest coverage and cash runway), shown with their inputs; and U.S. economic and industry series read straight from the agencies that publish them: interest rates from the Federal Reserve (H.15), federal debt and Treasury interest rates from the Treasury Department (Fiscal Data), consumer and producer prices and employment and earnings by industry from the Bureau of Labor Statistics, and retail sales, housing permits and starts, and County Business Patterns from the Census Bureau. Each value carries the date it was filed or released, and revised values are kept beside the originals; for history loaded before we began reading a series, release dates are estimated from the publisher’s usual schedule. The series are checked daily, and company figures are refreshed for each company that files.
• Your documents. Files you attach, for that conversation, kept for seven days.

We do not license or use paid news, data brokers or private databases. Business-school research is not yet in the library.

4. What AI answers can and cannot do

• Errors. The model can misread a passage, attribute a fact to the wrong company or period, make arithmetic mistakes, or state an inference more confidently than the evidence allows. Figures in “By the numbers” come from sources or simple arithmetic on them, and can still be wrong.
• Citations are a starting point. A citation shows where a claim came from. It does not prove the source is right, current or complete, or that the conclusion drawn from it follows. Open the citations behind anything you will rely on.
• Gaps. If the library lacks the relevant filings or records, the answer works from what it has. Absence of a record in EnemoAi is not evidence that no such record exists.
• History is not a forecast. Analogies describe what other companies did and what followed. Your circumstances differ, and past outcomes do not predict future results.
• Replays. A replay limits sources to those dated on or before the replay day, but the model’s general training may include later knowledge.
• Real people. EnemoAi reports what executives actually did and wrote, with citations. It never role-plays real people. Boardroom seats are generic roles.

5. You make the decision

EnemoAi provides information from public sources, not legal, investment, tax or accounting advice. Your business makes the final decision. For decisions with legal, financial, tax or accounting consequences, consult a qualified professional. EnemoAi does not take actions in the world for you: it does not move money, contact anyone or act on any account.

6. AI regulation

6.1Disclosure. EnemoAi presents itself as an AI business adviser on its sign-in page, and this notice and the Terms explain that answers are generated by AI. No one at EnemoAi writes or reviews individual answers before you see them.

6.2Not designed for consequential decisions about people. EnemoAi is designed to inform business decisions about businesses. It is not designed or offered to make, or to be a substantial factor in making, decisions about individuals’ employment, credit, lending, insurance, housing, education, health care, legal services or access to essential government services, and our Acceptable Use Policy prohibits those uses. We have designed and restricted it so that it should not be a high-risk AI system under Colorado’s Artificial Intelligence Act (SB 24-205, as amended) or under Annex III of the EU Artificial Intelligence Act (Regulation (EU) 2024/1689). A business that uses EnemoAi is the deployer of the system for its own use and remains responsible for that use, including any transparency duties (such as those in Article 50 of the EU act) where those laws apply to it. If you believe EnemoAi is being used for decisions about people, tell us at hello@enemo.ai.

6.3Model provider. The general-purpose model behind EnemoAi is provided by Anthropic, which has its own obligations as a model provider. We build on it; we did not train it.

6.4We will update this notice as laws and our practices develop.

7. Questions and version history

Questions about how answers are produced: hello@enemo.ai.

• 2026-11-01: first version.
• 2026-11-01.2: answers can use the business data a business connects.
• 2026-11-01.3: Fate Radar and Path to the top, and anonymous self-reported decision outcomes shared with consent (Section 1).
• 2026-11-01.4: the first read from company profiles (Section 1) and the smaller model that summarises filing sections for them (Section 2).
• 2026-11-01.5: what EnemoAi knows about your business, and follow-through drafts with their figure check (Section 1).