Gm.ai team issued a statement acknowledging that the project had disappointed investors due to poor management, bad timing and poor communication. The team said it had taken responsibility and promised to take remedial measures, with plans to compensate investors. In the statement, the Gm.ai team stressed that all the funds of the previously developed projects were put into development, and the team tokens were not misappropriated. After some projects failed, they even paid back the early investors out of their own pockets. The team clarified that it did not cash out or carry out the so-called "running", and planned to transfer the remaining pre-sale funds to the public wallet. The pre-sale of Gm.ai took place in March this year, and although the team has developed several AI projects in the past 5 months, none of them have reached market fit, resulting in a delay in the launch of the token. The full investor compensation plan will be announced this Friday.