Kevin BeaumontMay 20
Another one bites the dust https://www.ft.com/content/9fdb4e2b-93ea-436d-92e5-fa76ee786caa
Microsoft-backed UK tech unicorn Builder.ai collapses into insolvency

Once high-flying group founded by Sachin Dev Duggal says its was unable to recover from ‘past decisions’

Financial Times
Show threadKevin BeaumontMay 20

The builder.ai story is wild. Microsoft put almost half a billion dollars into them (and lost it all). Everything crumbled when the Financial Times did a tiny amount of research on them, and realised their accounts were signed off a friend of the CEO. As soon as they hired a real auditor, they collapsed.

https://sifted.eu/articles/builder-ai-auditor-founder-news

Show threadRairii   May 20
@GossiTheDog

you'd think MS would have uncovered that when doing due diligence?
Show threadmei | 絶望動物 (@ TYPES 2025)
@Rairii @GossiTheDog ah, no, no, by a law of nature, big corpos don't think straight when AI is involved. it's the corporate equivalent of getting a boner and having all your blood leave the brain to tend to more pressing matters.
May 20 at 1:53pmWeb