It turns out Builder.ai was more artificial than intelligent.
The $1.5 billion artificial intelligence (AI) company backed by Microsoft Corp. recently shuttered operations after its neural network was exposed to actually be 700 engineers in India.
Builder.ai, which has begun formal bankruptcy proceedings in jurisdictions where it operated, including India, the U.K., and the U.S., said on LinkedIn it would be “entering into insolvency proceedings.”
“Despite the tireless efforts of our current team and exploring every possible option, the business has been unable to recover from historic challenges and past decisions that placed significant strain on its financial position,” the company wrote.
The company’s Natasha, an AI…
