Theranos whistleblower warns AI boom ripe for deception
tyler shultz, theranos whistleblower, warns investors that ai boom offers opportunities for deception due to difficulty in conducting due diligence. this affects ai investors and the industry.
tyler shultz, a key whistleblower in the theranos scandal, is warning investors that the current ai boom offers a prime opportunity for deception. shultz, whose grandfather is former us secretary of state george shultz, believes that the difficulty in conducting due diligence on ai startups makes it challenging to distinguish between genuinely innovative technology and mere wrappers around existing models, such as chatgpt. this concern arises as companies with unproven ai technology are being valued at trillions of dollars. shultz's warning is particularly relevant given his experience with theranos, which reached a peak valuation of around $10 billion despite its technology never actually working.