Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Vinay Patel

Builder.ai Collapses: $1.5bn 'AI' Startup Exposed as 'Actually Indians' Pretending to Be Bots

Builder.ai, the $1.5 billion 'AI' startup once touted with Microsoft backing, is now seeking bankruptcy protection. A major lender's $37 million seizure paralysed operations. (Credit: X / Harsh Dwivedi | Building Medial @harsh_dwivedi7)

The tech world is reeling from revelations that Builder.ai, once hailed as a $1.5 billion (£1.11 billion), 'AI' powerhouse, now faces scrutiny as its highly promoted artificial intelligence facade crumbles, revealing a human-powered operation behind the cutting-edge AI automation.

Builder.ai, the British no-code AI startup that once garnered acclaim for its strategic partnership with Microsoft and secured a $250 million (£184.64 million) investment led by the Qatar Investment Authority, declared Tuesday that it is initiating bankruptcy protection.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.