The US Department of Justice has indicted Albert Sangier for defrauding investors with misleading statements about his Nate financial technology platform. Founded by Sangier in 2018, Nate claimed it could offer shoppers a universal checkout app thanks to artificial intelligence. However, the indictment states that the so-called AI-powered transactions in Nate were actually completed by human contractors in the Philippines and Romania or by bots. Sangier raised more than $40 million from investors for the app.
This case follows reporting by The Information in 2022 that cast light on Nate's use of human labor rather than AI. Sources told the publication that during 2021, "the share of transactions Nate handled manually rather than automatically ranged between 60 percent and 100 percent."
Many ambitious and ethically challenged entrepreneurs have attempted to make their fortunes by disguising human actions as a mechanical or technological innovation over the centuries. Claiming the results as AI work is just the most digital age application of the idea.
This article originally appeared on Engadget at https://www.engadget.com/ai/tech-founder-charged-with-fraud-for-ai-that-was-secretly-overseas-contract-workers-225910022.html?src=rss https://www.engadget.com/ai/tech-founder-charged-with-fraud-for-ai-that-was-secretly-overseas-contract-workers-225910022.html?src=rssInicia sesión para agregar comentarios
Otros mensajes en este grupo.
This year marks the 125th anniversary of the New York International Auto Show (NYIAS), and despite concerns over tariffs, there are still a lot of manufacturers here showing off new models includin
The Apple Sports app just introduced a new feature called Game Card Sharing. This lets users generate digital game cards that carry information about a specific match. The cards can be generated fo
In the latest evidence that indie games are often where you find the boldest creative choices, look no further than Unbeatable. The hand‑drawn rhythm adventure title — announced in 2020 an
