- Jersey Mike's mentions AI 22 times in its IPO documents, despite being a sandwich shop, not an AI company.
- The company includes an AI risk warning in its investor documents, citing the use of AI technologies, but without specific details.
- Jersey Mike's relies on software and data for franchise operations, but the AI warning appears as boilerplate text.
- The risk of an AI disaster for a sandwich shop is compared to the low probability of a franchise being struck by lightning.