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Builder.ai files for bankruptcy after revelations of human, not AI, work and financial fraud.
Builder.ai, a London-based AI startup valued at $1.5 billion and backed by Microsoft, has filed for bankruptcy after it was revealed that its claimed AI technology was actually performed by 700 Indian workers, not AI.
The company marketed its platform as a simplified AI solution for building apps.
However, reports of financial fraud and inflated revenue through "round-tripping" transactions have led to its collapse, raising questions about due diligence in tech investments.
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Builder.ai se declara en bancarrota después de revelaciones de trabajo humano, no de IA, y fraude financiero.