Company lying to clients and investors. We don't actually have AI

New OHcl68
Jun 6 28 Comments

Everything is done manually - though clients and our investors are told and believe otherwise. Is this common in the Silicon Valley? I just realized that the sales team doesn't know this and I asked the founders why. They said they want the sales team to sell confidently. This feels really odd because 'AI' technology is one of our biggest value props and there is no way this manual process is scalable. I think the strategy is to raise enough money and hire enough people to build it out, but for now, the founders are faking it until they make it.

Thoughts?

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TOP 28 Comments
  • Amazon PT Cruiser
    Theranos 2.0
    Jun 6 0
  • Cray ieqV67
    If this is really the case, then leave. Quickly. Things like this dont stay hidden.
    Jun 6 0
  • Pure Storage crshovrdrv
    You should watch The Inventor: Out For Blood
    Jun 6 2
    • New / Eng cousin
      The book Bad Blood is amazing too. It doesn’t even feel real.
      Jun 6
    • Amazon PT Cruiser
      It’s as real as Elizabeth Holmes voice.
      Jun 6
  • Google
    AIMLOK

    Google

    BIO
    I once served 5TB
    AIMLOKmore
    Sounds normal, sadly.
    Jun 6 0
  • New wiffed
    That moment when you realize your boss thinks you are AI
    Jun 6 0
  • Amazon god
    Yup, it’s common
    Jun 6 0
  • New / Finance MWSt70
    If they are actually lying to investors report to SEC.gov. You’ll get a cut of any settlement (if there is one).
    Jun 6 0
  • Oracle / R&D
    stupidd

    Oracle R&D

    PRE
    Walmart
    stupiddmore
    Funny unrelated note, if you translate AI into Chinese and the literal meaning of the Chinese translation is "Human Labor Intelligence"... Guess that's what you guys are doing there.
    Jun 6 0
  • Lyft ihb47
    Oh yes it’s nearly universal bullshit. The good news is the pending a AI job take over Is also overhyped though also a long-term trend that is impacting the economy
    Jun 6 0
  • Nvidia coolpm
    We can actually put some real AI into your products, reach out to me.
    Jun 6 2
    • Lyft ihb47
      do you mean forecasting, pattern recognition, or other multi variant statistics? Yes I include deep learning in this bucket. Seriously what the fuck is AI?
      Jun 6
    • Lyft ihb47
      So classification is AI , that’s what I thought
      Jun 6
  • Investors should already know that almost all businesses labeled as AI, do not have AI technology.
    It takes a lot of computing power and resources to build AI and America’s just not mature enough to make consumer-facing AI yet.
    Jun 6 0
  • New wiffed
    Investors investing in companies without tech due diligence... seems like their mistake
    Jun 6 0
  • New / Strategy Mnyk48
    Half the time people say AI, they just mean business logic. 🤦🤷‍♀️
    5d 0
  • New / Product xzUE84
    half of AI and ML companies have zero AI or ML components in their products. They are just buzzwords founds use to drum up money. Sounds like you should look for a company that will survive the next recession
    Jun 7 0
  • MailChimp Ht67845
    Totally normal, still sketchy and annoying
    Jun 6 0
  • Amazon SeekingHLP
    Run 🏃🏿
    Jun 6 0
  • Walmart.com rand.randm
    What domain is this AI company in? May be they are just labeling data to create the dataset.
    Jun 6 0
  • Workday ght35df
    Don’t worry about investors . They are typically sophisticated enough to know what’s going on . The founders are doing the right thing here . They are trying to validate the market . What’s the point Of building an AI or ML based solution if no one is willing to buy it ?
    Jun 6 0
  • eBay eyxitsjtj
    Even if you build a simple linear regression model in an excel spreadsheet - it is sellable as AI.
    Jun 6 0
  • Google / Eng g3doc
    GTFO of that company
    Jun 6 0