Deals
Corporate spies are among more than 200 creditors of collapsed ‘artificial intelligence’ firm Builder.ai, a bankruptcy filing in the US has revealed.
The scandal-hit London firm claimed to have built a neural network named Natasha which would make building an app ‘as easy as ordering a pizza’.
Founder Sachin Dev Duggal (pictured) raised more than $450m from the world’s biggest investors including the Qatar Investment Authority, Microsoft and SoftBank, handing Builder.ai a $1.5bn valuation and coveted unicorn status in 2023.
After the firm entered insolvency proceedings in the UK late last month – two months after Duggal was replaced by Manpreet Ratia, a managing partner at Asia-focused investor Jungle Ventures, as CEO…
