Tyler Shultz knows what corporate deception looks like from the inside — he helped expose the blood-testing fraud at Theranos. Now he's warning that artificial intelligence is the next arena where investors could get burned.

Speaking to the SF Standard, Shultz said AI is easy to fake and hard to vet, and that investors need to do genuine due diligence rather than take claims at face value, The Next Web reported. He added that few laws currently govern AI, a regulatory vacuum that makes verifying what a company's technology actually does even harder.

The parallel to Theranos is pointed: a hot sector, enormous capital inflows, opaque technology and intense pressure to claim capabilities ahead of reality. Shultz's message is that the conditions that let Theranos flourish haven't gone away — they've migrated to the industry with the most hype and the least oversight.