Theranos whistleblower Tyler Shultz warns AI boom invites investor deception
Overview
Tyler Shultz, the Theranos whistleblower, says the AI boom is "a great opportunity to go deceive people" because AI startups are hard to verify through due diligence.
He says companies that have never turned a profit are raising capital at trillion-dollar valuations. He compares this to Theranos, which reached a valuation of roughly $10 billion while its technology never worked.
Written by AI from the articles below · updated Oct 30, 12:06 PM ET
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- TechCrunch · AINewsTheranos whistleblower Tyler Shultz warns AI boom offers chance to deceive investors
AITyler Shultz, a Theranos whistleblower, says the AI boom is "a great opportunity to go deceive people" because hard-to-verify AI startups are difficult to assess through due diligence. He warns that companies that have never turned a profit are raising capital at trillion-dollar valuations, echoing Theranos's rise to a roughly $10 billion valuation despite its technology never working.
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