Theranos whistleblower says the AI boom makes investor deception easier
Original title: Theranos whistleblower Tyler Shultz warns that the AI boom is ‘a great opportunity to go deceive people’
Tyler Shultz says AI makes due diligence hard and ChatGPT wrappers easy to pass off as novel technology.
In an interview tied to the documentary “You Can See Everything,” Theranos whistleblower Tyler Shultz said the AI funding boom is “a great opportunity to go deceive people.” He argued investors struggle to tell unique technology from a ChatGPT wrapper and warned against large checks after brief meetings. The piece also notes Holmes and partner Billy Evans are working on Haemanthus, described as “Theranos 2.0,” which has reportedly raised about $20 million.
Unconfirmed: Haemanthus’s roughly $20 million raise is reported, not confirmed by the company in the article.
- Shultz said Holmes scaled a coffee-meeting funding model to $100 million.
- Theranos peaked near a $10 billion valuation while its own machines ran few tests.
- Shultz said Holmes wants attention now and is preparing a second act.
- Haemanthus has reportedly raised about $20 million, according to the article.
From the original article
4 min read at techcrunch.com
The cautionary Theranos tale takes on a new significance in the AI era, when companies that have never turned a profit are raising capital at trillion-dollar valuations.
By Amanda Silberling · techcrunch.com
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