Anonymous ID: b9acd9 April 11, 2025, 4:53 a.m. No.22897339   🗄️.is 🔗kun   >>7438 >>7616 >>7705

Fintech founder charged with fraud after ‘AI’ shopping app found to be powered by humans in the Philippines

 

Charles Rollet

 

2:42 PM PDT · April 10, 2025

 

Snot. Snot real AI – DARPA AI

 

Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice.

 

Founded in 2018, Nate raised over $50 million from investors like Coatue and Forerunner Ventures, most recently raising a $38 million Series A in 2021 led by Renegade Partners.

 

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The U.S. Department of Justice (DOJ) headquarters stands in Washington, D.C

Startups

Fintech founder charged with fraud after ‘AI’ shopping app found to be powered by humans in the Philippines

Charles Rollet

2:42 PM PDT · April 10, 2025

Image Credits:

Andrew Harrer / Bloomberg(opens in a new window)

/ Getty Images

Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice.

 

Founded in 2018, Nate raised over $50 million from investors like Coatue and Forerunner Ventures, most recently raising a $38 million Series A in 2021 led by Renegade Partners.

 

Nate said its app’s users could buy from any e-commerce site with a single click, thanks to AI. In reality, however, Nate relied heavily on hundreds of human contractors in a call center in the Philippines to manually complete those purchases, the DOJ’s Southern District of New York alleges.

 

Saniger raised millions in venture funding by claiming that Nate was able to transact online “without human intervention,” except for edge cases where the AI failed to complete a transaction. But despite Nate acquiring some AI technology and hiring data scientists, its app’s actual automation rate was effectively 0%, the DOJ claims.

 

Nate’s heavy usage of human contractors was the subject of an investigation by The Information in 2022.

 

Saniger didn’t respond to a request for comment. He is currently listed as a managing partner at New York VC Buttercore Partners, which didn’t respond to a request for comment either.

 

The DOJ’s indictment says that Nate ran out of money and was forced to sell its assets in January 2023, leaving its investors with “near total” losses. Albert Saniger’s LinkedIn profile indicates he was no longer CEO as of 2023.

 

Nate isn’t the only startup that has allegedly exaggerated its AI capabilities.

 

For example, an “AI” drive-through software startup was also powered largely by humans in the Philippines, The Verge reported in 2023.

 

More recently, Business Insider reported that an AI legal tech unicorn, EvenUp, used humans to do much of its work.

 

 

 

https://techcrunch.com/2025/04/10/fintech-founder-charged-with-fraud-after-ai-shopping-app-found-to-be-powered-by-humans-in-the-philippines/

Anonymous ID: b9acd9 April 11, 2025, 5:32 a.m. No.22897432   🗄️.is 🔗kun   >>7438 >>7440 >>7447 >>7616 >>7627 >>7705

Satanic Drug and Polymorphous Seggs Festival's Future in Peril

 

BREAKING NEWS Coachella descends into 'CHAOS' as attendees brand it 'worst in history' and demand refunds before gates open

 

Christians, Jews, Muzzies and Hindoos all outraged

 

The iconic music festival held in California will open its gates later today But car campers have taken to Reddit in their droves to relay disappointment Some attendees have already been demanding a 'partial or full refund'

Coachella appears to have already descended into 'chaos' with dozens of attendees already branding it 'the worst in history' - despite doors not even officially being open.

 

The iconic music festival held in California, which runs across two weekends every year, will open its gates later today.

 

But car campers have taken to Reddit in their droves this morning to relay the carnage in the car parks.

 

In the official Coachella thread on the discussion forum, where ticket holders regularly share updates, advice and complaints, one attendee sparked the discussion with a post that read: 'Car campers need either a partial or full refund.

 

'We've waiting nine hours to get inside this festival. No bathroom, no food. Likely won't be returning.'

 

And others were quick to share that they too were struggling.

 

'For real what's going on with car camping?

 

'Guys, this is my fifth Coachella, and I had never seen such horrible organization for car camping, I've been here hours, just crossed the security check and literally no one is moving,' another wrote, in part.

 

Coachella appears to have already descended into 'chaos' with dozens of attendees already branding it 'the worst in history' - despite doors not even officially being open (2024 crowd pictured)

 

"I even realized my favorite band was shiite," said anon, "with the musical ability of tone deaf simians." Disillusioned attendees say even with on-site drug sales monopoly, organizers may not break even on the iconic early event.

 

https://www.dailymail.co.uk/femail/article-14598857/coachella-descends-chaos-camping-refunds-gates-open.html

Anonymous ID: b9acd9 April 11, 2025, 5:54 a.m. No.22897482   🗄️.is 🔗kun   >>7506 >>7573 >>7616 >>7627 >>7705

More Iconic Coachella Cult News Bits

 

Justin and Hailey being spotted en route to Coachella — which is being headlined by Lady Gaga, Green Day and Post Malone — comes after the couple had a lunch date in Los Angeles on April 5.

 

Extra credits:

 

What is the weirdness on the back of JB's neck?

 

Also free selfie image of super seggsual Mrs. J Beiber, you're welcome!

 

Diddy bites?