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GenesisAI: The AI Startup That Raised Millions — Then Disappeared

  • GenesisAI, the AI startup that raised millions, has disappeared after making eyebrow-raising financial choices.
  • The company claimed to be building a global AI marketplace, but it had zero revenue and missed multiple product launch and revenue targets.
  • Despite no formal background in AI or engineering, the company's only executive, Archil Cheishvili, presented himself as the driving force behind GenesisAI.
  • After raising over $5 million through crowdfunding, with heavy marketing expenditures, the company failed to deliver a product, resulting in no revenue and leaving investors burned.

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