Summary:
- The article discusses the former CEO of Nate, a startup that aimed to use AI to detect financial fraud. However, the CEO admits that the company actually used human workers instead of AI.
- The CEO says they did this because it was easier and more accurate to have humans review financial transactions rather than relying on AI technology that wasn't advanced enough.
- This raises concerns about the use of deceptive practices in the tech industry, where companies may claim to use AI or other advanced technologies when they are actually relying on human labor.