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# Theranos whistleblower Tyler Shultz warns that the AI boom is ‘a great opportunity to go deceive people’

**[TechCrunch](https://daily.dev/sources/tc)** · 4 min read · 0 upvotes · 0 comments

## Summary

Theranos whistleblower Tyler Shultz warns that the AI boom is 'a great opportunity to go deceive people'. He says it's hard to do due diligence on AI, noting that it is hard to tell truly unique work from 'a ChatGPT wrapper'. Theranos reached a peak valuation of around $10 billion despite its blood-testing technology never actually working. The documentary shows Holmes working on Haemanthus, a diagnostics company that she and her partner call 'Theranos 2.0', which has reportedly raised about $20 million.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/10/30/theranos-whistleblower-tyler-shultz-warns-that-the-ai-boom-is-a-great-opportunity-to-go-deceive-people>

## Questions this post answers

### Why does Tyler Shultz think the AI boom makes it easier to deceive investors?

He argues it's hard to do due diligence on AI because it's difficult to distinguish something truly unique from 'a ChatGPT wrapper', creating an opening for deception. Shultz was the Theranos whistleblower who exposed its faulty blood-testing technology, and he compares today's AI funding climate to the conditions that let Theranos reach a $10 billion valuation without working technology.

_Investors weighing AI valuations against real technical substance can follow this debate on daily.dev._

### What is Elizabeth Holmes doing after being released from the Theranos fraud case?

She is working with her partner, hotel heir Billy Evans, on a diagnostics startup called Haemanthus, which they describe as 'Theranos 2.0' and which has reportedly raised about $20 million in funding. This follows her 11-plus year prison sentence for the original Theranos fraud, where the company's valuation once reached around $10 billion.

_Anyone tracking how discredited founders re-enter tech can follow this story on daily.dev._

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---

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