Theranos 2.0
16 days ago
- #AI
- #Healthcare
- #Theranos
- Hippocratic AI is now the most expensive AI company in the world with a $3.5B valuation and virtually no revenue.
- The company's burn rate is $404M, with 80% of its AI-guided calls coming from a single client.
- Comparisons are drawn to Theranos, highlighting inflated valuations and lack of fundamentals.
- Questions raised about VCs inflating valuations and the absence of regulatory scrutiny from SEC and DOJ.
- Allegations of financial manipulation, including overpaying by investors who are also clients to inflate revenue.
- Concerns about the sustainability of Hippocratic AI's business model and the integrity of its technology.
- Calls for more transparency and accountability in the healthcare AI sector to foster real innovation.