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Latest cryptocurrency news > BLOCKCHAIN > Rabbit AI Refutes Fraud Claims
BLOCKCHAIN

Rabbit AI Refutes Fraud Claims

BH NEWS
Last updated: 24 May 2024 14:29
BH NEWS 2 years ago
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Rabbit AI, an artificial intelligence company, has dismissed accusations made by YouTube investigator Stephen Findeisen, commonly known as Coffeezilla. On May 22, Coffeezilla alleged that Rabbit was involved in NFT fraud and had tried to cover it up. He pointed out the company’s transition from Cyber Manufacture Co. to Rabbit as a suspicious move.

Contents
What Did Coffeezilla Claim?How Did Rabbit AI React?User Feedback and Adaptations

What Did Coffeezilla Claim?

Findeisen also accused Rabbit AI’s CEO, Jesse Lyu, of failing to deliver on promises made to supporters of the Gama NFT project. Additionally, he criticized the new Rabbit R1 AI product, describing it as overhyped and a scam, similar to the NFT venture.

How Did Rabbit AI React?

In response, a Rabbit spokesperson clarified that Rabbit and the Gama project were distinct initiatives under the same company. They cited a 2023 technology media article confirming the rebranding from Cyber Manufacturing Co. Furthermore, the spokesperson noted that more than 80% of the current employees joined Rabbit after the rebranding in December 2023, and the Gama project had already ended by then.

User Feedback and Adaptations

The company spokesperson highlighted that Lyu has a strong entrepreneurial background and multiple project involvements, including Gama. They emphasized that the Gama project concluded before Rabbit commenced and defended against Coffeezilla’s allegations regarding transparency and focus on AI hardware. Rabbit AI also pointed out that they continuously receive user feedback for Rabbit R1, with 10,000 users generating over 600,000 interactions in the past month, leading to frequent updates and new features.

Concrete Inferences for Users:

  • Rabbit AI and Gama are distinct projects under the same company.
  • Over 80% of Rabbit’s current employees joined after its rebranding.
  • Rabbit AI collects extensive user feedback, resulting in consistent updates and new features.

In conclusion, Rabbit AI has strongly denied the allegations, emphasizing transparency, user engagement, and continuous improvement of their AI products. The company remains focused on advancing its AI initiatives while addressing any concerns raised by the community.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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