A couple years ago I worked for a robotics startup that I learned got their start by 100% faking a demo for early customers. They had some magic box that an item would lower into and then the device would “scan” the item and spit out a bunch of data about it. It was entirely fake, the data was predetermined. That landed them a few early series investments that allowed them to do some “real” work. The founders were proud of this sham enabling them to start a company. Whole thing made me sick.
The AI stood for Actual Intelligence
A couple years ago I worked for a robotics startup that I learned got their start by 100% faking a demo for early customers. They had some magic box that an item would lower into and then the device would “scan” the item and spit out a bunch of data about it. It was entirely fake, the data was predetermined. That landed them a few early series investments that allowed them to do some “real” work. The founders were proud of this sham enabling them to start a company. Whole thing made me sick.
Reminds me a bit of Theranos. “Pay no attention to the man (or woman) behind the curtain”…
https://en.wikipedia.org/wiki/The_Dropout is a good mini series on it, I wasn’t overly familiar with the story
Except for, you know, admitting to fraud in public.
It isn’t fraud if all they promised clients was a note taking service. Contract wording is key in any scam.
“We told our customers there’s an ‘AI that’ll join a meeting.’"
What matters is what the contract says, not what they type on LinkedIn.
AI stood for An Intern.
It was just his name. Names Alan, Al for short
Article says it was the two co-founders taking notes themselves.