I think they’re pretty different cases.
Amazon’s one was essentially a side project for them, likely fully funded in-house.
In this case, it was their entire product. They received funding from investors purely for the AI functionality that didn’t actually exist or work. They spent all the investor money and had essentially nothing to show for it.
booly@sh.itjust.works 1 week ago
Yeah, investing in a company is investing in the whole company and all of its projects. Lies about your company are only fraud when the lies rise to the level of making a material difference to how a typical investor would value that company. If the lies are about a very minor percentage of revenue or profit, then it’s not gonna rise to the level of securities fraud.