Failed AI start-up lent founder $4.7 million for ‘personal asset purchases’ - Sydney Morning Herald

Metigy was valued at $1 billion by one investor just months before going into administration with $20,000 cash in the bank and millions in liabilities.

An artificial intelligence marketing start-up once valued at $1 billion collapsed into administration with just $20,000 in the bank and an outstanding loan of $4.7 million to its sole director and ch… [+2222 chars]

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