- Rabbit, an AI firm, denies accusations by Coffeezilla of NFT scam involvement.
- Allegations center on rebranding from Cyber Manufacture to Rabbit and unmet promises regarding the Gama NFT project.
- Rabbit clarifies that Gama project concluded upon open-sourcing with investor support.
- Company emphasizes Jesse Lyu’s entrepreneurial history and transparency regarding project transitions.
- Rabbit R1 AI product receives feedback from 10,000 users, generating over 600,000 interactions in the last month.
- Updates addressing user feedback released, with new features in development.
Main AI News:
Rabbit, an Artificial Intelligence (AI) company, has rebuffed allegations made by YouTube investigator Stephen Findeisen, popularly known as “Coffeezilla,” asserting that the company has maintained transparency regarding its rebranding and transition into AI.
On May 22, Coffeezilla accused Rabbit of facilitating a nonfungible token (NFT) scam and trying to cover it up. He highlighted the company’s rebranding from Cyber Manufacture to Rabbit, which seemed to have gone unnoticed. Furthermore, he alleged that Jesse Lyu, Rabbit AI’s founder and CEO, made numerous promises to supporters of the Gama NFT project but failed to deliver on them.
Additionally, Coffeezilla criticized Rabbit’s new product, Rabbit R1 AI, labeling it as “overhyped,” drawing parallels to the NFT project, which he branded as a “scam.”
In response to these allegations, a spokesperson from Rabbit, in a statement to Cointelegraph, clarified that Rabbit and the Gama project were distinct ideas and ventures within the same company. Referring to a tech media article from 2023, the spokesperson reiterated that Rabbit had previously disclosed its rebranding from Cyber Manufacturing.
Moreover, the spokesperson emphasized that a significant portion of Rabbit’s current workforce joined the company after the rebranding, with over 80% of employees coming on board after December 2023.
Regarding the Gama project, the spokesperson stated that it had concluded upon being open-sourced. They contested Coffeezilla’s claims that Jesse Lyu and the Gama team were not transparent about the project’s open-sourcing, asserting that it had investor support and that Lyu’s focus had shifted to AI hardware.
The spokesperson highlighted Lyu’s entrepreneurial track record, mentioning his involvement in various projects, including Gama. They emphasized that Gama was a project Lyu had discussed extensively in the past but had concluded before his involvement with Rabbit, noting that pivoting is a common practice in many companies.
Addressing Coffeezilla’s criticism of the Rabbit R1, the spokesperson mentioned that the company receives daily use cases and feedback from users. They disclosed that in the last thirty days, 10,000 users who received the product generated over 600,000 interactions. Furthermore, they stated that the company had released updates in response to feedback and was preparing to launch new features.
Conclusion:
Rabbit’s firm rebuttal to Coffeezilla’s accusations demonstrates a commitment to transparency and accountability amid market scrutiny. The clarification regarding project transitions and the proactive approach to addressing user feedback for the Rabbit R1 AI product underscore the company’s resilience in navigating challenges and maintaining trust within the market. This reaffirms Rabbit’s position as a credible player in the AI industry, potentially bolstering investor confidence and market perception.
