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The AI startup Metigy attained a $1 billion valuation through deceptions, credulous investors and a technology bubble.
AustraliaInsolvency/Bankruptcy/Re-Structuring
In the Federal Court this week, Metigy executives spoke publicly
for the first time about how it attained a $1 billion valuation
through Fairfull's deceptions, credulous investors and a
technology bubble. And they revealed fresh details about how it
failed - from claims of non-existent AI technology to telling
investors Metigy had customers that never paid for or used its
product.
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