The Big Lie: #Builder #ai's Downfall Imagine a company that
The Big Lie: #Builder #ai's Downfall
Imagine a company that promised to build apps super easily, almost like ordering a pizza, using cutting-edge AI. That company was Builder.ai. They said their technology was so smart, it could automate most of the app development process.
But it turns out, that was a lie.
Instead of fancy AI, Builder.ai was actually just hiring lots of human developers in India to build the apps the old-fashioned way. They then sold these human-made apps as if they were created by their "AI." Customers thought they were getting something futuristic, but they were just getting regular app development at a much higher price.
Here's how it unfolded:
* 2016: Builder.ai starts, promising AI magic.
* 2019: A major newspaper, The Wall Street Journal, reveals the truth: it's all human engineers, no AI.
* 2023: Despite being exposed, they still managed to raise a huge amount of money ($250 million!).
* 2025: Now, just nine years after starting, the company is bankrupt in five different countries. All the money, about ₹3,800 crores (around $450 million), is gone.
Who fell for it? Big tech companies, the government of Qatar, and even "Fortune" magazine, which honored the founder. They all invested heavily, even when there were clear warning signs.
The Red Flags: There were many signs that something was wrong, like inflated earnings claims, people within the company complaining, and audits showing fake numbers. But investors still kept pouring money in.
The Lesson: This isn't just about one company lying. It shows a bigger problem in the startup world where good stories and hype are sometimes valued more than actual, real innovation and honest business practices.
Ultimately, Builder.ai learned a very expensive lesson: you can't hide a lie forever. Their whole business was built on false claims, and eventually, it all came crashing down.
Comments
शुरू से fraud था ही कंपनी बिना कोड के application का दावा कर रहा था। AI के चक्कर investor बेचारा पैसा लगा दिया यहां तक कि माइक्रोसॉफ्ट भी लगा दिया था पैसा।
👍👍
microsoft जैसे कंपनी भी फंस जाती है 😃