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 doesn't say much for Microsoft's ability to do some basic due diligence or their judgement regarding AI... much to no ones surprise I am sure.
@smilingdemon @GossiTheDog "We asked Copilot if it seemed OK, said it was all cool."
@tim_lavoie @GossiTheDog given what Nadella says about his personal AI use...