Fake It Till You Make It? Builder.ai’s $1.5B AI Scam Exposed
Fake It Till You Make It? Builder.ai’s $1.5B AI Scam Exposed
Builder.ai, once a $1.5 billion 'AI' startup backed by Microsoft and QIA, is filing for bankruptcy. A lender seized $37M, crippling operations.
Reminds me of the Amazon Fresh "just walk out" grocery shopping experience where the store is packed with cameras monitored by "advanced ai" that would tally up the total of the items in your cart.
It would take a few hours for them to email a receipt to let you know what you'd spent and the advanced ai turned out to be low-wage workers in India watching the video feeds.
I mean I've never used one of those but I also wouldn't care how it got done if I did. Just that I didn't have to spend my time waiting in line to check out. Actually prefer them to pay money to real people rather than invent some fancy technology.
The top scams on Earth right now:
- Conservatism (AKA hypocrites)
- AI
- Crypto
- Religion
Religion and fiat are always at the top
I think depending on the hour of the day and the phase of the Moon, they rotate to take turns.
And the places that do code with generative AI all have quality issues. Their management blames it on the remaining developers not checking and rewriting the AI code enough.
No link, just an image.
The scandal serves as a stark reminder that whilst artificial intelligence continues advancing rapidly, human expertise remains irreplaceable in many complex technical domains—a lesson that Builder.ai learned through public humiliation rather than honest business practices.