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.
Posted originally on CTH on May 17, 2025 | Sundance
The death toll continues to climb in Kentucky and Missouri as recovery efforts continue from a devasting night of tornados in the region.
LONDON, Ky. (AP) — Death toll from severe storms and tornadoes rises to at least 27, including 18 in Kentucky.
KENTUCKY/MISSOURI – […] Some of the hardest hit towns by large tornadoes Friday night in Kentucky were the Somerset area and London, where local officials reported nine people died amid significant damage.
The Laurel County Sheriff’s Office says the tornado touched down in London just before midnight and tore through two neighborhoods and the London Corbin Airport area, “causing mass casualties in its path.” Aside from the nine dead, officials reported “numerous severe injuries occurred to others.”
Video from London shows extensive damage with multiple homes destroyed and vehicles barely recognizable as debris littered the neighborhood and lightning still flashed in the background.
[…] The severe weather outbreak began earlier Friday in Missouri as supercell thunderstorms spawned deadly tornadoes.
St. Louis Mayor Cara Spencer said at least five storm-related fatalities have been confirmed in her city. She implemented a city-wide curfew because over 5,000 homes were affected by the storms.
In Scott County, located about 2 hours south of St. Louis, the sheriff reported at least two storm-related deaths and multiple injuries.
“Today, our county was struck by a devastating tornado in the southern region, causing significant damage to several rural areas,” Scott County Sheriff Derick Wheetley said. The tornado moved from the eastern part of the county, leaving behind a trail of destruction, with multiple homes completely lost and areas left unrecognizable.” (more)
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