Posted originally on CTH on July 4, 2025 | Sundance
There are several summer camps currently with active search and rescue teams working through multiple areas in/around Kerr County, Texas. The area around the Guadalupe River is directly impacted.
Devastating flooding from torrential rain has hit the area hard. Officials from around the region are sending in assistance and resources to assist the local rescue teams. The rescue work is ongoing using multiple assets.
(Via ABC) – Thirteen people have died after heavy rain pounded Kerr County, Texas, early Friday, leading to “catastrophic” flooding, the sheriff said.
Children are among the dead, said Lt. Gov. Dan Patrick, who has taken on the duties of acting governor.
There are several major camps in the area, and at one of them, Camp Mystic, about 23 of its 750 campers are unaccounted for, according to Patrick.
“That does not mean they’ve been lost — they could be in a tree, they could be out of communication. We are praying for all of those missing to be found alive,” Patrick said at a news conference.
Camp Mystic said in a letter to parents, “If your daughter is not accounted for, you have been notified. If you have not been personally contacted, then your daughter is accounted for.” (more)
Posted originally on Jun 16, 2025 by Martin Armstrong
A billion-dollar company went bankrupt nearly overnight when it was revealed that their AI software was simply a group of 700 Indians in a data center providing users with responses. Builder.ai was valued at $1.5 billion and attracted major investors such as Microsoft.
The company engaged in what is known as “round-tripping” with VerSe Innovation, an Indian social media firm, where each company billed the other for similar amounts in order to inflate sales. Investors were misled, as they believed the company was performing well.
Builder.ai declared their 2024 revenue to be $220 million, which was later revised to $55 million. In 2023, they initially claimed to gross $180 in sales, but later revised this to $45 million. The company’s AI service “Natasha” was said to be a revolutionary development in AI. It turns out that Natasha was barely functional, and 700 Indian engineers performed most of the coding.
The company is facing insolvency hearings in jurisdictions across India, the US, and the UK. The company now has significant outstanding debts for unpaid cloud services, owing Microsoft $30 million and Amazon $85 million.
We are amid an AI start-up boom where countless companies are claiming to offer real AI services. This is a cautionary tale, as not all startups are operating on real AI platforms. Builder.ai was able to deceive even Microsoft. Proceed with caution.
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