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Builder.ai collapse: 700 Indian engineers behind fake AI exposed
3 Articles
3 Articles
Builder.ai collapse: 700 Indian engineers behind fake AI exposed
Builder.ai, the London-based startup once valued at $1.5 billion, has filed for bankruptcy following revelations of falsified AI claims, overstated revenue, and mounting debts. The company, founded in 2016 by Sachin Dev Duggal, had marketed itself as a no-code platform where users could build apps “as easily as ordering pizza” using an AI assistant called Natasha. In reality, Builder.ai’s products were built by approximately 700 engineers based …
An AI company that marketed itself as a technological pioneer – and attracted investment from Microsoft, among others – has gone bankrupt. The aftermath reveals that the technology largely relied on human labor, despite promises of advanced artificial intelligence. Builder.ai, a British startup formerly known as Engineer.ai, claimed that its AI assistant Natasha could build apps as easily as ordering a pizza. But back in 2019, the Wall Street Jo…
700 Engineers – Not AI – Developed Code at $1.5B Disruptor Filing Bankruptcy
Builder.ai, once valued at $1.5 billion and hailed as a disruptor in the world of no-code software, is entering insolvency proceedings, bringing its high-flying story to a crashing halt. The company admitted on LinkedIn that it had “been unable to recover from historic challenges and past decisions” and would appoint administrators to manage its affairs. The dramatic downfall follows widespread reports that Builder.ai’s AI-powered app developmen…
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