A tech CEO has been charged with fraud for saying his e-commerce startup was powered by AI, when it was actually just using manual human labor
- The Department of Justice has accused the former CEO of shopping with fraudA number of Albert students have been accused and accused of using human work, but telling investors and customers have been done with artificial intellect.
StartUp Tech Company Nate promised to make more easily shopping with the help of artificial intelligence. But the Department of Justice states that there is no wonderful technology behind Checkout’s program transactions. Instead, they were treated by people in the Philippines and Romania.
Officials have a US lawyer office accused Albert students, former CEO of NEYTS to deceive investors with misleading statements about the company.
“Albert students mislead investors, exploiting the promise and charm of AI technology about the innovation of building a false story,” said US lawyer Matthew Podolsi. In the statementA number of “this type of deception is not only sacrificed to innocent investors, it deviates the capital from legal newly creates, makes investors a shortcoming of real progress.”
The indictment comes with a In the 2022 report Information This claimed that the company used human work instead of AI.
Is Crooked The program is marketing itself as a simplified procurement experience for consumers, allowing them to “skip the payment” process. The indictment provides an example if the consumer found a pair of sneakers, they could open the Nate program and just click “Buy”.
The company said that the transaction was over by AI, but the indictment says that “Sanger” technology “Never reached the e-commerce has never reached a complete complete complete part of the third party.” It is said that actual automation, the officials of the “Justice” department, were “effectively zero percent.”
Instead, the students allegedly hired hundreds of foreign contractors to make purchases for the app. The company also used bots to automate some transactions, the indictment.
The Sans is facing a score of securities, which fees 20 years in prison, and one number of wire fraud, which is also sentenced to 20 years in prison.
This story was originally shown Fortune.com
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