this post was submitted on 30 May 2025
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$1.5 Billion AI Company That Reportedly Used No Actual AI Goes Belly Up (brobible.com)
submitted 3 days ago* (last edited 3 days ago) by cyrano@lemmy.dbzer0.com to c/technology@lemmy.world
51 comments fedilink hide all child comments
 

not only created a fake AI company that was ‘all humans, no intelligence,'” he also “dared to falsely report 300% revenue to investors.”

Name: builder.ai

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[–] ininewcrow@lemmy.ca 138 points 3 days ago (3 children)

Isn't this the model Capitalist?

It doesn't matter what they offer. It doesn't matter what they build. It doesn't matter if it's real or not. It doesn't matter if it is beneficial or not. It doesn't matter if it is ethical or not. It doesn't matter if it is moral or not. It doesn't matter if it is respectful or not.

All that matters is that it made money.

That is the sign of a true Capitalist.

Congratulations on winning that contest.

[–] Initiateofthevoid@lemmy.dbzer0.com 23 points 3 days ago (1 children)

dared to falsely report 300% revenue for investors

I mean, they specifically didn't make as much money as they claimed to make, so no. That's pretty much the one mortal sin you can actually commit as a capitalist - accept the capital of other capitalists under false pretenses and then fail to generate returns on their investments.

[–] ininewcrow@lemmy.ca 7 points 3 days ago

They play the game as long as possible.

It's like a religion at this point in history.

If you have enough people who blindly believe in the whole thing, no matter how absurd, everything continues to grow and expand. Once enough people lose faith, then the whole system comes crashing down.

[–] nodiratime@lemmy.world 27 points 3 days ago

Model growth company right there. They forgot the block chain and some NTFs, then everything would surely have worked out....

[–] UnderpantsWeevil@lemmy.world 14 points 3 days ago

Isn’t this the model Capitalist?

No, because it paid its workers.