SEC Says Founder Of AI Hiring Company Lied To Investors About Capabilities

(June 19, 2024, 9:43 AM EDT) -- NEW YORK — The founder and former chief executive officer of an artificial intelligence company that claimed to use AI capabilities to help companies hire better candidates issued materially misleading statements regarding the AI’s capabilities and how many customers it had and falsified both bank statements and customer testimonials to raise investor funds, the Securities and Exchange Commission says in a suit filed in a New York federal court....