Illustration by Tag Hartman-Simkins / Futurism. Source: Getty Images The AI boom has brought with it untold levels of fraud and graft. One of the largest schemes so far, concealed within the record-breaking valuations of the AI hype cycle, was iLearning Engines, a relatively young tech company which quickly scaled itself to a $1.5 billion market cap. A scathing statement by the US Department of Justice alleges that iLearning, an “out-of-the-box AI platform