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High-Purity Fact Pipeline
Ambit AI
Auckland, New Zealand
June 8, 2026
Verified: June 21, 2026
"Ambit AI has been placed in liquidation after defaulting on a $467,429 pandemic-era loan. The company's business was severely impacted by the release of ChatGPT in 2022. The liquidation is part of a broader government effort to recover $150 million in Covid-era loans issued to 456 firms."