The roller-coaster fortunes of an Auckland AI start-up offer lessons on how to deal with the commoditisation of the market with the arrival of ChatGPT. Shareho…
NZ Herald ·
first they take the AI hype money, now they're blaming ChatGPT lol classic kiwi startup story
yeah mate, my cousin worked there. said they spent more on ping pong tables than actual R&D
Another bloody tech startup burning through taxpayer money. Callaghan should have known better.
saw this coming a mile away. everyone jumped on the AI bandwagon without a real business model.
wait so the old shareholders are fighting while the new CEO is laughing all the way to the bank? gotta respect that hustle tbh
Can someone explain how a company defaults on a half mil loan while a 'successor' thrives? Sounds dodgy as.
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Classic. But also, the new CEO played it smart. Can't hate the player, hate the game.
pouring one out for all the investor money that went into this. my mate lost his savings in a startup like this
some asset stripping or IP transfer. Classic dodgy startup shit.
MBIE admitting fault? That's a first. Usually they just sweep it under the rug and call it 'lessons learned'.
harder. The whole sector is a bubble, just wait till the next one bursts.
ffs can we stop propping up these grifters with our tax money? let the market sort it out
the real lesson here: don't name your startup something with 'AI' if you can't code a basic for loop
Exactly. Private sector can figure out what works, the govt just needs to step back for once.
