It turns out that the hundreds of Indian programmers were doing the actually coding.
from the Article - "...Bloomberg reports they had a 'fake it till you make it' strategy while having inflated 2024 revenue projections by 300%. Instead of AI, the company was actually using a fleet of more than 700 Indian engineers from social media startup VerSe Innovation for years to actually write the code. "
PT Barnum is generally credited as saying "There is a sucker born every minute". Whether he actually said that is moot; there are many so called startups in the finance world that promise the moon, only to deliver somewhat less.
www.zerohedge.com
from the Article - "...Bloomberg reports they had a 'fake it till you make it' strategy while having inflated 2024 revenue projections by 300%. Instead of AI, the company was actually using a fleet of more than 700 Indian engineers from social media startup VerSe Innovation for years to actually write the code. "
PT Barnum is generally credited as saying "There is a sucker born every minute". Whether he actually said that is moot; there are many so called startups in the finance world that promise the moon, only to deliver somewhat less.
Bankrupt Microsoft-Backed 'AI' Company Was Using Indian Engineers To Fake It: Report | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
