Judge Denies Motion To Dismiss SEC’s ‘Pyramid Scheme’ Claims Against AI Company

(August 29, 2024, 1:32 PM EDT) -- ORLANDO, Fla. — A federal judge in Florida denied an artificial intelligence startup and its founder’s motion to dismiss claims brought against them by the Securities and Exchange Commission, finding that the SEC adequately alleged that the company and its founder lured investors with false promises of early access to profits from an AI “ecosystem.”...