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    Tech-CEO wird beschuldigt, einen KI-Geschäftsbetrug im Wert von 420 Millionen US-Dollar betrieben zu haben

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    36 Kommentare

    1. Just-Install-Linux on

      Hah seems the financial side of every AI company is a scam on the market

    6. denNISI on

      To stop the scams that are not only artificial, but also only as intelligent as the developers that program them, there needs to be accountability for ones actions.

    7. da_chicken on

      As usual, they only go after corporate crime when they’re stealing money from the rich.

    10. GringoSwann on

      Seems like EVERYTHING has been a scam over the last decade or so….  

    11. HoneybeeXYZ on

      “generate and infuse insights in the flow-of-work to drive mission critical business outcomes“

    12. therealcmj on

      > According to the U.S. Justice Department, iLearning billed itself as a company that could “generate and infuse insights in the flow-of-work to drive mission critical business outcomes.”

      I’m in the tech industry and can usually figure out what a company does. But that is just gobbledygook to me.

      And the thing they did is just classic faking numbers. So not really anything about AI specifically.

    14. tabrizzi on

      >Puthugramam “Harish” Chidambaran, the founder and former CEO of iLearning, and CFO Sayyed Farhan Ali “Farhan” Naqvi are accused of running a continuing financial crimes enterprise, conspiracy to commit securities fraud, securities fraud, conspiracy to commit wire fraud and wire fraud.

      >According to the U.S. Justice Department, iLearning billed itself as a company that could “generate and infuse insights in the flow-of-work to drive mission critical business outcomes.”

      >The department alleges that iLearning claimed to earn revenue by selling licenses for its platforms, reporting more than $420 million in revenue in 2023. iLearning became a publicly traded company in 2024.

      >iLearning, according to the Justice Department, “**fabricated virtually all its customer relationships and revenues**.”

      So the list of customers was AI-generated.

    21. AvailableReporter484 on

      According to the article

      > they’re being charged with 69 counts of fraud

    22. YoshiTheDog420 on

      Any company glazing AI is scamming their investors, customers, and employees.

    25. teshh on

      This is more of a symptom of the current state of capitalism and our stock market. For over a decade now, the markets have been driven on pure hype and promises. Every company ipoing has some gimmick related to the current market trend.

      There was IoT, 3d printing, evs (in america), crypto, nfts, and now ai. None of these trends have delivered close to what they promised investors. But the market loves those who chase trends. Just look at allbirds, a small shoe company, catapulting 600% because they announced something with ai.

    27. SayVandalay on

      I mean AI is a scam anyways lol. Looking a lot like the next tech bubble to burst .

    29. DmitriMendeleyev on

      I read it as Tesla CEO and was wondering why wouldn’t they just say elon??

    35. neat_stuff on

      Only $420 million? What an amateur. But at $420 million, he’s clearly just trying to get Musk to buy his company for the lolz.

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