Artificial intelligence (AI) is capturing headlines and investor attention, but industry insiders are cautioning against potential scams. A recent Business Insider report warns investors to be wary of firms claiming to have ties with OpenAI, especially related to unauthorized investment vehicles like Special Purpose Vehicles (SPVs). The rise in AI investments, driven by FOMO (fear of missing out), has led to a surge in firms misrepresenting their relationships with OpenAI to attract funding. This environment creates high-stakes deception, where vague associations can inflate credibility and valuations. OpenAI’s popular models, such as GPT, are foundational for many startup applications, making genuine access valuable. However, the ongoing AI gold rush raises concerns over fraudulent claims and investor pitfalls. Prospective investors should diligently verify any claims, crosscheck licensing, and be wary of indications of deceit, such as unverifiable demos and ambiguous language, to avoid being part of the potential AI bubble.
Source link
Share
Read more