AI firm Rabbit denies Coffeezilla’s NFT fraud allegations

Artificial intelligence (AI) company Rabbit has denied some of the accusations by YouTuber Stephen Findison, saying the company is open about rebranding and switching to AI.

On May 22nd, Findisson, better known as “Cofizilla”, accused Rabbit of facilitating the Invincible Token (NFT) scam and trying to cover it up.

The investigator pointed out that he changed the name of the company from Cyber ​​Manufacturing to Rabbit, which seems to have flown under the radar.

Findison also said that Rabbit AI founder and CEO Jesse Liu promised many things to the backers of the Gamma NFT project, but never delivered.

The investigator called the company's new Rabbit R1 AI product a “scam” similar to the NFT project.

A Rabbit spokesperson said in a statement to Cointelegraph that Rabbit and the Gamma project are separate ideas and projects under the same company.

In the year Citing a tech media article published in 2023, the spokesperson said earlier that Rabbit had changed its name from Cyber ​​Manufacturing.

Also, the spokesperson said many of their employees have joined after the name change. More than 80% of Rabbit's current employees said they joined after December 2023, a few months after the rebrand.

The spokesperson also stated that the Gamma project was completed while it was open. are there:

“JC strongly disputes Cofizilla's allegations that he and the Gamma team were not transparent about the project's open source, investor backing and shifting focus to AI hardware.”

The spokesperson went on to say that Liu has a long history as an entrepreneur and is involved in various projects, including Gama.

“It's a project he's talked about a lot before, but it's over before Rabbit starts. At the end of the day, most companies do core business,” he added.

Related: Hong Kong's central bank studies the impact of AI on banking jobs and skills

Regarding Findeisen's comments on the Rabbit R1, a company spokesperson said that they are receiving use cases and feedback from users on a daily basis.

A spokesperson said the 10,000 users who have adopted the product have had more than 600,000 interactions in the past thirty days.

The company says it has updated feedback data and is rolling out new features over the past month.

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