Rezolve AI is a mobile phone tech company that tried to SPAC and failed in 2021. Management added the letters “AI” to its name in 2023, despite having no AI product, and, low and behold, completed a SPAC in 2024. A bunch of hyped press releases later, and Rezolve reached an ~$2bn valuation even though it had $0 in AI revenue last year.
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