• Microsoft-Backed Builder.ai Set for Bankruptcy After Cash Seized

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    https://www.bloomberg.com/news/articles/2025-05-20/microsoft-backed-builder-ai-to-enter-insolvency-proceedings

    Builder.ai, the British artificial intelligence startup backed by Microsoft Corp. and the Qatar Investment Authority, is filing for bankruptcy after the chief executive officer said a major creditor had seized most of its cash…

    Builder.ai used 700 engineers in India for coding work it marketed as AI-powered

    ..The startup that made great song and dance about AI and its in-house virtual assistant, Natasha, to “make building an app so easy, anyone can do it” was apparently outsourcing its job to an office in India where 700 human engineers painstakingly worked to write the code Builder.ai claimed was generated by its Lego-style artificial intelligence tech platform. “Everything was like real artificial intelligence — except that none of it was,”..

    https://x.com/BernhardEngel_/status/1928033488420184450

    ..

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