Builder.ai let you build a website or an app without coding — but with AI! Allegedly. Builder was the great hope of Artificial Intelligence for the UK. It scored $450 million in venture funding — m…
It scored $450 million in venture funding — mostly from Microsoft and the Qatar Investment Fund.
Anyway, Builder finally went broke yesterday, after years of interesting financial activities and a few minor accounting scandals, such as allegedly falsified sales figures and an auditor with conflicts of interest.
Sounds like somebody got rich in a dodgy way. Nearly half a billion dollars gone… somewhere.
Sounds like somebody got rich in a dodgy way. Nearly half a billion dollars gone… somewhere.