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flag Builder.ai, valued at $1.5B, files for bankruptcy amid fake transaction scandal with VerSe Innovation.

flag Builder.ai, an AI startup valued at $1.5B, is filing for bankruptcy amid accusations of inflating sales through fake transactions with VerSe Innovation, an Indian social media company. flag Between 2021 and 2024, both companies allegedly exchanged invoices without exchanging real goods or services. flag VerSe Innovation denies the claims. flag The scandal has led to US prosecutors issuing a subpoena for detailed financial records from Builder.ai.

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