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)
Posted originally on May 5, 2025 by Martin Armstrong
A month before exiting the office, Joe Biden inserted a measure permitting California to ban gas-powered vehicles by 2035. Thankfully, the measure was overturned with bipartisan support in a 246 to 164 vote, with 35 Democrats breaking with party lines to overrule the ban.
House Majority Whip Tom Emmer, R-Minn., said, “There is no reason the radical climate policies of California should regulate the entire American population and rob every American of consumer choice.”
California’s Gavin Newsom fully supported the ban. The Advanced Clean Cars II rule would prohibit ALL gas car sales by 2035, at a time when the average American cannot afford an electric car or maintenance on an electric vehicle. Beginning in 2026, 35% of new autos sold in California would have been required to produce zero emissions. By 2027, 51% of all new cars would have been electric, and that amount would have risen to 68% in 2028, followed by an all-out ban on gas-powered cars in 2035.
California does not have the infrastructure to support such a measure. The California Independent System Operator has repeatedly called for for a “voluntary energy conservation” during holiday weekends as they are concerned the power grid cannot handle the volume. California may be in the spotlight, but countless Democrat-run states were on board with the ban. Washing state, for example, had a target to ban gas car sales by 2030. Delaware, New York, New Jersey, Oregon, Pennsylvania, Vermont, Maine, Massachusetts, Maryland, and Rhode Island were also considering restrictions on fossil fuel car sales by 2035.
This is part of a broader globalist trend to restrict the freedom of movement, citing fossil fuels as the reason for enhanced government control. The World Economic Forum (WEF) blatantly said that private car ownership should follow the fossil fuel ban.
“Goodbye car ownership, hello clean air: welcome to the future of transport,” the WEF published on its website back in December 2016. The first step is to transition cars to electric under the guise of climate change. This will cause all vehicles to be dependent on the electrical grid, which the government controls. Yet, they never planned to stop at electric vehicles. They want full control over you and where you go. It was announced at the 2023 Summer Davos that the ultimate goal is to end 75% of ALL car ownership, including electric vehicles, by the year 2050.
Schwab claimed that eliminating private car ownership could slash CO2 emissions by 3.9 billion tons per year. As a reminder, everyone flew on private jets and was chauffeured in limousines to Davos – they do not care about the environment in the slightest. There is a much darker motive at play that the public needs to realize. Free transportation will be provided in these 15-minute citieswhere most of the population will reside. Everyone will have a digital ID and social credit score. This is NOT about climate change — the goal is to eliminate the freedom of movement.
Thankfully, politicians in the US are beginning to wake up to the realization that the climate change agenda will not benefit their constituents. America avoided being swept into the globalist vortex the moment Kamala Harris lost the presidential election. The Trump Administration has taken numerous measures to overturn Biden-era globalist measures, such as leaving the WHO, but make no mistake that the unelected elites who control governments are eager for the world’s leading superpower to join their ranks again, and the battle against them will be ongoing.
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