What about traditional auto manufacturers making claims about solid state battery technology they will achieve in the next decade that they haven't yet?
There are always unsolved engineering and scientific challenges that stand between today and future product, and nothing is guaranteed, but you have to sell investors on the future technology (see: frontier model makers pushing AGI/ASI hype)
Obviously there are differences between Toyota's SS battery claims and Theranos' claims, but it's not a black and white line, it's a spectrum.
Why are so many people here pretending fraud is ambiguous?
Saying "We will have great batteries 10 years from now" is not fraud. It's your belief about the future. Everyone knows no one can predict the future.
Saying "this hydrogen powered truck works, here is a video of it running on the road right now" but the video is edited so you don't see that it's going down hill and the car isn't actually running" that's fraud.
Theranos wasn't in trouble for saying their machines would be great one day. They got in trouble for lying about the current state of things, saying they were performing blood tests on their machines when they were not.
BuilderAI never actually told customers that development was done using AI, that's something people made up after the company went bust. If you look at their website (builder.ai), they explain that their virtual assistant "Natasha" assigns a developer, and then uses face recognition to verify the identity of the developer.
Take a minute to visit their site and get informed. We live in a time where people form opinions just by reading a headline.
I know that. They had their funding pulled for fudging their sales numbers, which is fraud. And people pretending it's not have latched onto some other people's misunderstanding.
Theranos was clear fraud. She claimed scientific advances that did not exist.