Founder of Nate app faces fraud charge for using "AI" that was really human call center workers

Former Nate CEO who used human workers instead of AI allegedly defrauded investors lured by new tech of millions

The nate app was not powered by advanced AI technology at all, but by human workers, according to the indictment.

Tech CEO promised AI but hired workers in the Philippines instead, FBI claims

The former CEO of fintech app Nate has been charged with fraud for making misleading claims about the app's artificial intelligence technology — or lack thereof. In a bizarre twist from the usual AI narrative, the FBI alleges that this time human beings were doing the work of AI, and not the other way around.According to a press release from the U.S. Attorney's Office, Southern District of New York, Albert Saniger has been indicted for a scheme …

CEO Faces Fraud Charge After AI Shopping App Allegedly Found Using Humans

Nate was an AI shopping app that promised to automate the checkout process. DOJ says workers in the Philippines completed transactions manually.

Tech bro's "AI" was just Filipino workers

Albert Saniger is about to learn that AI stands for "Actually Incarcerated." The U.S. Department of Justice announced that Saniger, the 35-year-old CEO of nate (lowercase 'n' because disruption), has been charged with fraud for allegedly tricking investors into believing his company had created an AI that could handle online shopping checkouts with "a single tap." — Read the rest The post Tech bro's "AI" was just Filipino workers appeared first …

A tech CEO has been charged with fraud for saying his e-commerce startup was powered by AI, when it was actually just using manual human labor

The Justice Department has accused the former CEO of shopping startup Nate with fraud. Albert Saniger has been indicted and is accused of using human labor, but telling investors and customers the work was done with artificial intelligence. Startup tech company Nate promised consumers easier shopping with the help of artificial intelligence. But the Justice Department says there was no miracle tech behind the checkout app's transactions. Instead…

Tech Founder Charged with Fraud over 'AI Shopping' App Powered by Filipinos

Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a "universal" checkout experience, has been charged with defrauding investors. Far from AI assisting shoppers, human contractors in the Philippines were manually completing customers' transactions.