I agree that the article is pretty low quality, but is the only one I came across. And it didn't say they're not using AI, it just says they're not trying to compete in the current AI arms race. Bending Spoons' entire business model is enshittification, which is why I find the valuation pretty remarkable.
He was always a narcissistic psychopath and he's been involved in organized crime pretty much throughout his entire career. But I've seen interviews with him from a few decades ago, where he was lucid and articulate. The dementia came much later.
Are you listening, Clem?