Slashdot: AI Startup Boom Raises Questions of Exaggerated Tech Savvy

Posted 18 December, 2019

SoftBank-enabled launch offers artificial intelligence with human participation; Current former employees say the company is building up its technical knowledge. WSJ reports: Startup Engineer.ai says "it uses artificial intelligence technology to deeply automate mobile application development, but some current and former employees say the company is redefining its AI capabilities to attract customers and investors."

Competitive requirements reflect a growing challenge in the world of technology for assessing a company's AI skills. This applies to technologies that can enable computers to learn or perform tasks that are usually required by decision-makers — in many cases, helping businesses save money or more accurately target consumers. Because AI technology is complex and poorly defined, it is difficult for any expert to recognize it during deployment.

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However, the money goes into the sector, and many startups can say that they use AI as a way to attract investors or business customers, even when such requirements are difficult to measure. Engineer.ai from London and Los Angeles raised $ 29.5 million last year. The US dollar is from SoftBank, a subsidiary of investors, including Deepcore. Other sponsors include Zurich-based venture capital firm Lakestar, an early investor in Facebook and Airbnb, and Singapore-based Jungle Ventures. Engineer.ai was ousted from its previous company in 2016, the company said.

Announcing funding last year, he said he had raised $ 24 million himself. US income through self-financing of its activities. Engineer.ai says its “human-supported AI” allows anyone to create a mobile app by clicking on its website’s menu. Users can then select existing applications that are similar to their ideas, such as Uber or Facebook.

Engineer.ai then creates the application mostly automatically, saying that the process is cheaper and faster than creating regular applications. [...] Documents reviewed by The Wall Street Journal and several people familiar with the company, including current and former employees, show that Engineer.ai does not use AI to collect application codes, as it claims. They indicated that the company relies on human engineers in India and elsewhere to do most of that work, and that its AI claims are inflated even in light of the fake-it-'til-you-make-it mentality common among tech startups.

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18 December, 2019 15:04

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