Artificial Intelligence ‘Ecosystem’ Was Just A Pyramid Scheme, SEC Says

(August 15, 2023, 11:16 AM EDT) -- ORLANDO, Fla. — A man lured investors with promises of early access to profits from an artificial intelligence “ecosystem,” but promised applications were never developed and the arrangement was nothing more than a multilevel marketing scheme, the Securities and Exchange Commission alleges in a complaint filed in Florida federal court....