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Former CEO of Nate, Inc. Charged In Artificial Intelligence Investment Fraud Scheme
Well, this is alarming:
Acting U.S. Attorney Matthew Podolsky said: As alleged, Albert Saniger misled investors by exploiting the promise and allure of AI technology to build a false narrative about innovation that never existed. This type of deception not only victimizes innocent investors, it diverts capital from legitimate startups, makes investors skeptical of real breakthroughs, and ultimately impedes the progress of AI development. This Office and our partners at the FBI will continue to pursue those who seek to harm investors by touting false innovation.
If you're going to claim that you have agents that can do the shopping autonomously, turns out they shouldn't be powered by humans in the Philippines.
nate - World's only universal shopping app
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It's a scam: "Matthew Podolsky, the Acting United States Attorney for the Southern District of New York, and Christopher G. Raia, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today an Indictment charging ALBERT SANIGER, the former Chief Executive Officer of Nate, Inc. (“nate”), with engaging in a scheme to defraud investors and prospective investors of nate by making false and misleading statements about nate’s use of proprietary AI technology and its operational capabilities." https://www.justice.gov/usao-sdn...
