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BuilderAI's \$1.2 Billion AI Fraud and Subsequent Bankruptcy
London-based AI startup BuilderAI, once valued at \$1.2 billion, declared bankruptcy after it was revealed that its AI-powered chatbot, "Natasha," was actually operated by hundreds of engineers from India and Ukraine who manually assembled apps, leading to financial irregularities, inflated metrics,...
BuilderAI's \$1.2 Billion AI Fraud and Subsequent Bankruptcy
London-based AI startup BuilderAI, once valued at \$1.2 billion, declared bankruptcy after it was revealed that its AI-powered chatbot, "Natasha," was actually operated by hundreds of engineers from India and Ukraine who manually assembled apps, leading to financial irregularities, inflated metrics,...
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