This is just a regular pump-and-dump scam using the stock market listing of a defunct company. The Wall Street Millennial channel put out a good video if you want details.
Yeah, when I first read about this I did a double take and wondered if this was something from April Fools. Looks like a some kind of stock manipulation to me.
Did they actually move to AI or did they sell off all their assets and get taken over by an AI company who wants to skip the IPO process? Because I’m petty sure it’s the latter