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Builder.ai, a once-billion-dollar AI startup, files for bankruptcy after a creditor seized its funds.
Builder.ai, a once-billion-dollar AI startup backed by Microsoft and Qatar Investment Authority, is filing for bankruptcy after a major creditor seized most of its cash.
The company, operating in five jurisdictions, will let go of most employees and is facing scrutiny over its accounting practices and lowered revenue projections.
This collapse highlights the risks in investing in AI startups.
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Builder.ai, una startup de IA de mil millones de dólares, se declara en bancarrota después de que un acreedor confiscara sus fondos.