Elizabeth Holmes’ Secret Three-Year Documentary Revealed
Elizabeth Holmes was convicted on four fraud-related counts involving Theranos investors in January 2022 Image via Wikimedia Commons/Glenn Fawcett

Elizabeth Holmes barely blinks as she stares across the room at Nathan Fielder, and that apparently has started a new debate of whether she is real at all in the new A24 documentary, or just AI.

The full trailer for You Can See Everything, released on 23 September, has now revived a bizarre reaction around the former Theranos chief. Viewers say the footage looks like AI, a cyborg horror film, or something caught in the 'uncanny valley', adding another layer of mystery to A24's nearly three-hour documentary.

Why Elizabeth Holmes Looks Like 'AI' in New Doc

Much of the reaction centres on a conversation between Holmes and Fielder, whose work on Nathan for You and The Rehearsal has frequently played with uncomfortable interactions and questions about what feels authentic on camera.

'You really feel you did nothing wrong?' Fielder asks in the trailer.

'I did not,' Holmes replies, before saying she does not understand how she ended up where she is. Elsewhere, Fielder questions whether Holmes has reservations about giving him round-the-clock access to her home.

The prolonged eye contact quickly became its own online discussion.

'She has an absurdly low blink rate,' one Reddit user wrote.

Another said, 'The way she keeps moving her head slightly is also unnerving. Combined with the low blink rate it's a very robotic effect.'

One viewer went further, 'She is like if AI actually was put in a human.' Another said they had initially assumed the clip was a trailer for 'some weird cyborg horror' before spotting Fielder.

Is 'You Can See Everything' a Real Elizabeth Holmes Doc?

Behind those reactions is an unusually constructed documentary.

Fielder and Lance Oppenheim began filming 34 days before Holmes reported to federal prison in May 2023, embedding with her, partner Billy Evans and their family. What began during Holmes' final weeks of freedom ultimately became a three-year project. A24 describes the resulting film as a 'mind-bending three-year journey into the abyss'.

The 174-minute film received a surprise premiere at the Telluride Film Festival earlier this month and will arrive in cinemas on 16 October.

The trailer also shows Fielder questioning Evans about whether he ever worried Holmes was 'scamming' him. Holmes, meanwhile, repeatedly maintains that she did nothing wrong.

That combination of unusually intimate access, uncomfortable pauses and extreme close-ups has left viewers debating how they are supposed to read what they are seeing.

Why Elizabeth Holmes Went to Prison Over Theranos

Holmes' insistence on her innocence comes against the outcome of her federal criminal case.

In January 2022, a jury convicted her of one count of conspiracy to defraud Theranos investors and three counts of wire fraud involving individual investors. She was acquitted on several patient-related charges, while jurors did not reach verdicts on three other investor fraud counts.

US District Judge Edward Davila later sentenced Holmes to 135 months, or 11 years and three months, in federal prison.

Furthermore, the AI comparisons may ultimately say as much about the way You Can See Everything presents Holmes as they do about Holmes herself. With Fielder living inside her home and repeatedly questioning what is real, even the trailer seems designed to leave viewers unsure where observation ends and something much stranger begins.