State

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyomingPuerto RicoUS Virgin IslandsArmed Forces AmericasArmed Forces PacificArmed Forces EuropeNorthern Mariana IslandsMarshall IslandsAmerican SamoaFederated States of MicronesiaGuam

Builder.ai, the British artificial intelligence startup backed by Microsoft Corp. and the Qatar Investment Authority, will file an insolvency case after overstating sales figures it provided investors.

“The business has been unable to recover from historic challenges and past decisions that placed significant strain on its financial position,” Builder.ai said in a statement Tuesday. The firm will appoint an administrator to manage the company’s affairs, it added.

The proceedings mark a stunning fall from grace for the company, which two years ago raised a $250 million funding round led by QIA, one of the world’s biggest sovereign wealth funds. Microsoft also made an equity investment in 2023 as part of a…

AI software company Builder.ai is entering insolvency proceedings, a company spokesperson confirmed to TechCrunch.

The Microsoft-backed unicorn, which has raised more than $450 million in funding, rose to prominence for its AI-based platform that aimed to simplify the process of building apps and websites.

According to the spokesperson, Builder.ai, also known as Engineer.ai Corporation, is appointing an administrator to “manage the company’s affairs.”

“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 said in a statement….

Remember that time you spit in a tube and mailed it? For science, people. I don’t want to know about any other purposes for which you may have done that. You have your reasons…

But that spit tube, the one that perhaps came in a 23andMe kit that you got under the Christmas tree one year, just for curiosity’s sake to see whether you really were 1/64th Cherokee or if Grandma Sue was full of shit, or to get a heads-up as to any genetic markers of heightened risk to certain diseases was written in your cards.

23andMe has been circling the drain for a while now, so it’s no surprise to hear that today it filed for Chapter 11 bankruptcy and its CEO, Anne Wojcicki, has resigned. For its next moves, it’ll look to sell “

NEW YORK – Large US companies filed bankruptcy at the fastest rate in 15 years in the first three months of 2025, S&P Global Market Intelligence said on April 10.

A total of 188 bankruptcies were filed by large companies in the period to March, the most since 254 such filings were made over the first three months of 2010, S&P said in a report.

In 2024, 139 large corporate bankruptcies were filed over the same three-month period.

Companies that sought court protection in March include the owner of Forever 21’s US retail operator, Canada’s Mitel Networks and film producer Village Roadshow Entertainment Group. Genetics testing firm 23andMe and dining chain Hooters of America also went bankrupt last month.

“Companies, particularly…

A Santa Clara County bus driver has been arrested and charged on suspicion of gunning down a co-worker in a bus yard over a gambling debt.

The Santa Clara district attorney’s office charged 33-year-old Duc Minh Bui on Wednesday with murder in the death of Regulus Teotico, 45, a fellow bus driver with the Valley Transportation Authority.

Teotico was found slumped over in his black Mercedes on Sept. 20 shortly after 9:30 p.m. in the Chaboya Yard employee parking lot in San Jose. Surveillance footage from the lot shows Teotico met with a man driving a white Nissan, according to court records. The man was later identified as Bui.

The footage shows that the two men got out of their vehicles and looked into the trunk of Teotico’s car,…

The government of the Virgin Islands is making strides in fulfilling its financial commitments to residents, with two major disbursements announced in recent days. Last week, $5 million in tax refunds were issued to taxpayers who filed through February 5, 2024. Now, the government is preparing to distribute millions in retroactive wage payments to current and former government employees by the end of this month. Together, the two actions signal a continued effort to reduce longstanding obligations and provide financial relief to Virgin Islanders.