➀ Japanese AI company Alt filed for bankruptcy protection after being delisted from the Tokyo Stock Exchange, with CEO Kazutaka Yonekura resigning amid financial irregularities;
➁ Investigations revealed 78%-91% of Alt’s reported sales from 2021-2024 were inflated, raising concerns about IPO credibility;
➂ Despite offering AI-driven services like digital clones and automated meeting transcription, Alt faces an uncertain restructuring process due to a lack of financial backers.