Spies, Spinners, Solicitors: Builder.ai’s ‘Perfectly Normal’ Creditor List in Full

Microsoft, IFC Backed Builder.ai Collapses After AI Fraud Exposed

Founded in 2016 by Sachin Dev Duggal and headquartered in London, Builder.ai burst onto the tech scene with the promise of revolutionizing app development. The company marketed its platform as an artificial intelligence–powered solution, touting an AI assistant named Natasha that could build software as effortlessly as ordering a pizza.With a dazzling valuation of $1.5 billion, Builder.ai attracted heavyweight investors including Microsoft, the …

How a US$1.5b AI startup imploded on fraud and “AI washing”

With 700 engineers in India faking AI functions, the hype machine had also engaged in round-tripping to augment a mirage. A London-based tech startup, once celebrated for its AI-driven innovations, has last month been on the verge of crumbling, amid investigations that have exposed a massive operational deceit: its much-touted AI has never been powered by algorithms, but by hundreds of engineers in India. The firm, Builder.ai, had attracted US$4…

Builder AI goes into administration

Nine year-old Builder AI, which claimed its software could  make generating apps as easy as ordering a pizza, has called in the administrators with the loss of about 1,000 jobs. ... The post Builder AI goes into administration appeared first on Electronics Weekly.

AI Firm Implodes—And Law Firms Are on the Creditor List AI Firm Implodes—And Law Firms Are on the Creditor List

“Builder.ai Bankruptcy: Lawyers Left Holding the AI Bag” Builder.ai, a once‑heralded AI-driven app developer backed by Microsoft and the Qatar Investment Authority, has collapsed into bankruptcy. The real shocker isn’t just the firm’s collapse, but that prominent law firm Quinn Emanuel has landed on the creditor list, Reports from the Financial Times reveal the firm […] The post AI Firm Implodes—And Law Firms Are on the Creditor List first appea…

Builder.AI: Yet Another Global Indian Scam?

A London-based startup builder.ai, founded by an Indian named Sachin Dev Duggal,  recently filed for bankruptcy after its ‘neural network’ w...