by A FinTech founder in the USA was charged with fraud after it was found that his app was strongly based on the employees of the Filipino Call Center for artificial secret services in order to manually complete the purchases.
Albert Saniger, the founder and former head of the app, was charged on Wednesday for narcoty investors, according to the US Ministry of Justice.
The Nate app was founded in 2018 and collected more than $ 50 million by investors. So thanks to AI, your users can buy from any e-commerce website with a single click on purchase.
However, an FBI examination showed that the company “hidden personnel to use the illusion of technological automation in a” scheme with smoke and mirror “.
“Albert Saniger misled investors by using the promise and attraction of the AI technology to build a wrong story about innovations that never existed,” said the incumbent US lawyer Matthew Podolsky.
“This type of deception is not only the innocent investors, but also leads capital from legitimate startups, makes investors skeptical about real breakdowns and ultimately hinders the progress of AI development,” said the lawyer.
According to reports, the app has been marketed as a universal shopping cart app that simplifies the online purchases with AI by skipping the purchase to retail website by reducing purchases to a “single tap”.
For example, if someone wanted to buy a few sneakers, they could simply buy the sneakers by opening the Nate app and clicking on “Buying”. The app claimed that it would take care of the rest of the cash register with AI, e.g. B. “Selection of the corresponding size, input of billing and shipping information and confirmation of the purchase”.
Investors and the public have been announced that Nate used “proprietary KI technology” to autonomously complete online purchases on behalf of the user, said the doj.
However, it was found that Nate did not use Ki to navigate autonomously through the checkout process. The verge first registered.
While the app claims to use AI to automate online purchases, the actual automation rate is “effectively zero percent”, the DOJ claims.
“In truth, Nate has rely on teams of human workers – mainly in overseas – to process transactions secretly and to guess what users believed that they were carried out by automation,” it said.
Hundreds of contractors or “shopping assistants” in a Philippines Call Center worked to manually complete the Nate -App manually, as the examination was determined.
Mr. Saniger did not react to it The independent Request for comment.
