Builder.ai is a hoax
Faked out everybody for eight years
https://www.ibtimes.co.uk/builderai-...g-bots-1734784Launched in 2016, Builder.ai presented itself as a groundbreaking platform, allowing businesses to create customised applications with minimal coding, leveraging artificial intelligence. As reported by Bloomberg, the company ac ulated over $450 million (£332.36 million) in total funding, drawing in prominent investors such as Microsoft, the World Bank's IFC, Jeffrey Katzenberg's WndrCo, Lakestar, and SoftBank's DeepCore incubator.
Less than two months ago, Builder.ai admitted to revising down core sales numbers and engaging auditors to inspect its financials for the past two years. This came amidst concerns from former employees who suggested sales performance had been inflated during prior investor briefings.
Bloomberg notes that these allegations initiated a cascade of investor apprehension, internal changes, and an eventual erosion of confidence. Adding to the troubles, Linas Beliūnas, Director of the financial company Zero Hash, recently exposed that Builder.ai lacked true AI, instead utilising a group of Indian developers who were merely pretending to be bots writing code.
'It turns out the company had no AI and instead was just a group of Indian developers pretending to write code as AI,' he wrote in a LinkedIn post. Beliūnas also highlights that Duggal reportedly presented false revenue figures to investors. Remarkably, the company managed to sustain this deception for eight years.

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