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

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

@GossiTheDog AI, like web 3.0, is going just great
@beeoproblem @GossiTheDog I have to wonder if @molly0xfff has an, "AI is going great" lineup in the works, or if that's more of an Ed @Zitron thing.