menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

>

Archil Che...
source image

Medium

1M

read

18

img
dot

Image Credit: Medium

Archil Cheishvili: The Man Who Sold the AI Dream

  • Archil Cheishvili presented himself as a Harvard-educated disrupter of Silicon Valley with a successful crowdfunding campaign raising over $5 million, but in reality, his company GenesisAI was a facade with no working platform or revenue.
  • Despite claims of innovation and revolutionary AI products, GenesisAI had no real clients or revenue for years, solely relying on crowdfunding to sustain Archil's self-enrichment rather than building a sustainable business.
  • Archil manipulated the narrative around GenesisAI through spam-style campaigns, hyped-up claims, and controlling online discussions, leading to thousands of investors being left with worthless shares as the company failed to deliver any products or progress.
  • Ultimately, Archil resigned and passed the dying company to his father, leaving behind a trail of deception and unanswered questions for investors, highlighting the real-world repercussions of such deceptive practices in the tech industry.

Read Full Article

like

1 Like

For uninterrupted reading, download the app