Rabbit says it was as transparent as possible when it rebranded and shifted its focus to AI.
By Mayowa Adebajo
Edited by Julia Sakovich
Updated
2 mins read
Artificial intelligence (AI) company Rabbit has attempted to clear its name following recent allegations by YouTube investigator Stephen Findeisen. Findeisen, popularly known as Coffeezilla on social media platform X, recently accused Rabbit of pulling off a nonfungible token (NFT) scam and then attempting to hide the deed. The investigator noted that the company has rebranded and may have deliberately kept it under wraps. Part of his statement reads:
“Most people don’t know that the company Rabbit Inc. used to be called Cyber Manufacture Co, and raised $6 million for an NFT project.”
Findeisen also alleged that Rabbit AI’s founder and CEO Jesse Lyu made several promises to the supporters of the Gama NFT project. However, it all turned out to be lies as Lyu failed to deliver on those promises.
Lastly, the investigator brought attention to the company’s new Rabbit R1 AI product. He suggests that Rabbit might be doing a similar thing with the product as it did with the NFT project that turned out to be a scam. He says the Rabbit R1 is “overhyped”, to say the least.
Speaking through a company spokesperson, Rabbit has now debunked all claims put forward by Findeisen. According to the spokesperson, the company was as transparent as possible when it rebranded and shifted its focus to AI. The spokesperson, who spoke on the condition of anonymity, cited a 2023 publication that mentioned the rebranding. An excerpt from the article reads:
“Rabbit, a rebranding of Cyber Manufacture Co., which is building a custom, AI-powered UI layer designed to sit between a user and any operating system.”
The spokesperson further differentiated between Rabbit and the Gama project. He noted that they were separate ideas that just came from the same company.
Additionally, the spokesperson shared that more than 80% of its workforce joined the team after the rebranding. Besides, the Gama NFT project was already completed before it got open-sourced, the company representative concluded.
About the Rabbit R1 comments, Rabbit says it is currently receiving use cases and feedback from users every day. The firm also confirms that 10,000 users who received the product have generated over 600,000 interactions in the last thirty days.
Rabbit assures that it’s taking the feedback very seriously, citing the April updates that address the previous ones it received. However, the company also hints at launching new features in the coming months.
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Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
