The AI of ten years ago is not the AI of now...

The AI of today can do more, yes. But the path to funding and success doesn't require actual AI use, just the appearance of AI. No need to actually sell a good or service in a profitable manner. Just convince those with money that you have some secret-scaling-AI-sauce, and you'll be a success without ever having to sell an actual product.

The founder I mentioned earlier sold the company and thanked us all for the amazing journey, and then started his next thing in his multi-million dollar house. All built on a lie that made the company look good.

But the scam is still the same.