Behind bankruptcy plea of London start-up: It hired 700 Indian engineers to pose as AI tools

Behind bankruptcy plea of London start-up: It hired 700 Indian engineers to pose as AI tools

A major AI scandal has shaken the tech world as Builder.ai, once valued at $1.5 billion, has filed for bankruptcy. The company, backed by Microsoft and a Qatari sovereign fund, falsely claimed to build apps in minutes using AI, while actually relying on hundreds of human engineers in India.

Behind bankruptcy plea of London start-up: It hired 700 Indian engineers to pose as AI tools