According to a report by Pitchbook, AI startups raised an astounding $31 billion last year. What’s more, the number of startups with ‘ai’ in their domain name doubled over the same period. Because of the rising trend, some startups may lie about their AI capabilities in order to get money and customers. That would mean that a company with genuine capabilities might miss out on a funding opportunity altogether.
Engineer.ai, an Indian startup claiming to have built an artificial intelligence-assisted app development platform, is not in fact using AI to literally build apps, according to a report from The Wall Street Journal. Instead, the company is reportedly relying mostly on human engineers, while using hype around AI to attract customers and investment. TheVerge.com