All articles tagged with #builderai
Builder.ai, once valued at $1.5 billion and considered highly innovative in AI, collapsed and went bankrupt within months after overstating sales, leading to its liquidation, highlighting a broader downturn in the tech startup scene.
A $1.5 billion AI company backed by Microsoft, Builder.ai, was exposed as a sham after it was revealed that its 'neural network' was actually operated by over 700 Indian engineers, leading to its bankruptcy and allegations of fraudulent sales practices with a social media startup.
Microsoft has invested in Builder.ai, a London-based startup that helps companies create applications without any coding experience. The software allows anyone from tech-shy artists to design professionals with limited programming experience to develop and manage apps. Through a strategic partnership, Microsoft plans to integrate Builder.ai's AI assistant Natasha into its Teams video and chat software to let customers build business apps within the platform. The collaboration will give Builder.ai and its clients access to Microsoft's Azure suite of cloud tools, including a set of AI services it offers through a tie-up with U.S. startup OpenAI.