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Theranos whistleblower Tyler Shultz warns: AI boom is "a great opportunity to deceive people."
Theranos whistleblower Tyler Shultz warns that the AI boom is an "excellent opportunity to deceive people." He points out that many AI companies have reached trillion-dollar valuations without ever turning a profit, and that due diligence for AI projects is difficult, making it hard for investors to distinguish between genuine innovation and "ChatGPT wrappers."
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
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Tether, Circle, Ripple, and other stablecoin issuers have frozen over $2.6 billion in assets linked to suspected security breaches at Binance.
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3
Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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Lookonchain: Binance hackers are selling PEPE, UNI, LINK, and other tokens, still holding over $150 million worth of various altcoins.
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South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
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Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
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The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
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China's AI stock bubble has burst, with $340 billion in market cap losses
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CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
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SK Hynix is down 5.9% from its previous close, now trading at ₩1,436,000.
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