​AI SPAC iLearningEngines Plunges 55% After Hindenburg Alleges “Artificial Partners And Artificial Revenue” – Tyler Durden

AI SPAC iLearningEngines Plunges 55% After Hindenburg Alleges “Artificial Partners And Artificial Revenue” Shares of SPAC iLearningEngines, Inc. are down more than 50% heading into the cash open after short seller Hindenburg Research alleged that the artificial intelligence company has “artificial partners and artificial revenue”. In the short seller’s second report this week, following its piece on Super Micro Computer, the firm headed by Nathan Anderson said that iLearningEngines “was borderline insolvent when it merged with a desperate SPAC sponsor that was quickly running out of time to get a deal done.” The report focuses on an unnamed “Technology Partner” crucial to…  — Continue at ZeroHedge News : Read More