Fintech founder is accused of fraud after the “AI” shopping application, which was found to be supported by humans in the Philippines

Albert Sanyger, founder and former CEO of NATE, a shopping application of artificial intelligence who promised to experience “global” exit, was accused of defrauding investors on Wednesday, According to To a press release from the US Department of Justice.

Founded in 2018, it raised more than $ 50 million of investors such as Coature to lift A series A 38 million dollars in 2021 led by Renegade Partners.

Nate said that the users of the application can buy from any e -commerce site with one click, thanks to artificial intelligence. However, in fact, Nate relied heavily on hundreds of human contractors at a call center in the Philippines to complete these purchases manually, the New York Southern Justice Ministry area.

Saniger collected millions in financing the project by claiming that NATE was able to deal with “without human intervention”, with the exception of the edge cases where artificial intelligence failed to complete the transaction. But despite obtaining some artificial intelligence techniques and the employment of data scientists, the actual automation rate in its application was actually 0 percent, as the Ministry of Justice claims.

Nate’s heavy use of human contractors was the subject investigation Through information in 2022.

Saniger did not respond to a request for comment. SANIGER currently Running As an administrative partner at New York Vc Buttercore Partners, which also did not respond to the comment as well.

Ministry of Justice The indictment He says Nate has run out of money and was forced to sell his assets in January 2023. The LinkedIn LinkedIn file indicates that he is no longer the CEO of 2023.

NATE is not the only emerging company that has been exaggerated in the capabilities of artificial intelligence. For example, the “AI” program for “AI” program has also started largely by humans in Philipin, and Werj I mentioned In 2023.

Recently, Business Insider I mentioned Amnesty International Technology Technology Technology, so that humans used humans to do many of their work.