Being AI did not pay majority owner $3.3m in rent

CEO David McDonald said the company was preparing a correction to release to the NZX. (Image: Being AI)

Wed, 04 Dec 2024

Being AI said a $3.318 million rent charge booked in its accounts, payable to its majority owners, was a “typo”, although the company does owe the owners more than $10m in loans.The New Zealand Exchange-listed (NZX) company posted its half-year results late afternoon on Friday, Nov 29, which also outlined some major changes for the company.Being AI was selling Being Consultants, the company's artificial intelligence (AI) consulting arm, back to David McDonald, who the company bought it from eight months ago.The sale resulted in...

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