Obviously not, it's a problem to decide to fake non-existing tech but more of a management decision than a problem with the technology itself, there is an infinite number of things that don't exist, no matter how much you want them to exist and if you are not capable of coming up with a working solution and rely on the world around you to move fast enough to bail you out then I would say that is a psychological problem more than anything else.
A common theme right now is 'AAI', using people to fake an AI that may not come into being at all, let alone before your runway (inevitably) runs out.
I saw one "secretary AI" that schedules meetings over email in your calendar. Just cc it to start using it (once you signed up). The idea seemingly being, fake it with low cost outsourcing to prove there's a demand for this and then make it.
The developers you'd hire to make it an actual AI and the developers you'd hire to make it a Mechanical Turk are very different skill sets.
I'd hazard a guess that many cases of startup fraud start out as good-faith delusions of grandeur, and only pivot to bad-faith fraud when the founders realize it's the only option to keep the lights on. Because the product results aren't there.
This doesn’t count as a tech problem?