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Forbes 30 Under 30 Founder Who Sold AI Chatbot To Schools Charged With Fraud
An anonymous reader quotes a report from the New York Times: The founder of an artificial intelligence start-up focused on education was arrested and charged with defrauding her investors, lying about the company's profits and falsely claiming that some of the largest school districts in the country...
The founder, Joanna Smith-Griffin, started the company, AllHere Education, in 2016, with the goal of using artificial intelligence to increase student and parent engagement and curb absenteeism. Once the company's valuation had climbed, she sold some of her stake in it and spent hundreds of thousands of dollars on a down payment for a new home and on her wedding. "Her alleged actions impacted the potential for improved learning environments across major school districts by selfishly prioritizing personal expenses," said James E. Dennehy, the F.B.I.
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