Babylon Health (2013 - 2023) 🪦
- Fraudulent claims
- Dangerously flawed technology
- Regulatory failings
- & @MattHancock
The Story of a Morally Bankrupt Unicorn & a Billion Dollar AI Fraud 👇
1/25 🧵
Babylon knowingly released a dangerously flawed medical device & put the public at risk of harm.
They made false claims regarding the capability of their AI technology.
When challenged regarding safety concerns, Babylon lied.
The Truth About @babylonhealth👇
Matt Hancock, NHS England & the UK Regulatory authorities ignored serious safety & governance concerns, thus enabling @babylonhealth's Billion Dollar AI Fraud.
Why isn't there any UK media coverage / scrutiny? 🤷
@DrHughHarvey Thanks for speaking out Hugh. I know there were many others at @babylonhealth who wanted to speak out, but were gagged by NDAs / threat of legal action.
It's unfortunate the UK regulatory authorities ignored the concerns when first raised in 2018 - 2021.
https://t.co/Qmd1b39dOZ
@boltyboy @DrHughHarvey Matthew, Ali Parsa was a fraud. That's a fact, not opinion.
The AI technology that was 'fundamental' to Babylon's business model was either dangerously flawed or Vapourware.
The company constantly pivoted, in an attempt to salvage a viable business.
https://t.co/jUjLfI9Wdv
There are lessons to be learnt from the fall of @babylonhealth.
No 1. Why was it left to an oncologist with no AI / Healthtech experience to protect the public from Babylon's dangerously flawed AI?
"Cowboys & Unicorns in Digital Health" 👉 https://t.co/VPRqt51gof 👈
@dafyddloughran I'm aware the @babylonhealth exec team ignored concerns & staff were gagged by NDAs / legal threats.
The @CareQualityComm @MHRAdevices should have taken definitive action following the 2018 @parmy exposé.👇
Maybe @MattHancock's association impeded them?
https://t.co/0IREvGRbp3
There are similarities between @babylonhealth & #Theranos
- Dangerously flawed technology
- False & misleading claims
- Vapourware demos
- Strong political backing
- Staff silenced by NDAs
& differences
- Elizabeth Holmes is going to jail.
- Ali Parsa just keeps on going...
The morally bankrupt Unicorn is no more.
Ali Parsa has run out of bullshit & @babylonhealth has run out of money...
Given Babylon's history of misleading claims & vapourware demos, I would be surprised if there isn't a class action lawsuit. $bbln
I wonder if @matthancock is back working with @babylonhealth???
The billion dollar Babylon #AI Chatbot has always been pretty ropey, but somehow, they've made it even worse.🤦
30yr old ♂️ with uncomplicated gastroenteritis (diarrhoea & nausea for 6hrs)👇
In 2019, I was approached by @BBCPanorama to take part in an exposé featuring @babylonhealth.
In 2020, along came COVID & the episode got shelved.
If it had aired; maybe the Babylon $bbln SPAC deal wouldn't have gone ahead & retail investors wouldn't have suffered a 95% loss.🤷
@lloydgprice I don't understand why anyone would pay good money for a company that will be insolvent within 6 months?
Particularly a company associated with Ali Parsa / @babylonhealth...
https://t.co/0Oicm1aOxX
@bhargav_g2002 @BabylonHealthIR I'm pretty sure Babylon staff had a 6 month lock-up on their share options; & that ended 22nd April. Ali Parsa had a 9 month lock-up.
I heard from a number of staff who had concerns about the company, but couldn't speak out due to NDAs. See @BadBotThreads
https://t.co/aTSbjRzQwY