Following the public reporting timeline of builder.ai lays out a fascinating story akin to Theranos or Wework. I'm sure we'll get an exhaustive account of exact

Following the public reporting timeline of builder.ai lays out a fascinating story akin to Theranos or Wework. I'm sure we'll get an exhaustive account of exactly what happen in due course, and there will likely be other such cases that come out of the most recent AI investing boom. Aug 2019 - WSJ report that for builder.ai the "AI" means "Actually people in India" https://www.wsj.com/articles/ai-startup-boom-raises-questions-of-exaggerated-tech-savvy-11565775004 https://www.wsj.com/articles/ai-startup-boom-raises-question... FT pick up the trail over a year ago with a series of reports: Mar 2024 - Men behind builder.ai named in criminal probe https://www.ft.com/content/7ff3c5fc-e390-4ca8-9c7d-11fd56ab7f6f https://www.ft.com/content/7ff3c5fc-e390-4ca8-9c7d-11fd56ab7... Mar 2024 - The wild ride of a Microsoft-backed tech unicorn This is a full detailed profile of the CEO and the company detailing their wild spending and fundraising details: https://www.ft.com/content/11afc46c-b435-489d-a9f1-134ad0c00d25 https://www.ft.com/content/11afc46c-b435-489d-a9f1-134ad0c00... It all falls apart after that report: May 2024 - CEO steps down https://www.ft.com/content/f8882c90-ef69-4a62-aecf-9d3725aca6b3 https://www.ft.com/content/f8882c90-ef69-4a62-aecf-9d3725aca... May 2024 - builder.ai finds auditor had links to previous CEO: https://www.ft.com/content/26c98590-e8f9-4cd9-83d6-db0d25ad215c https://www.ft.com/content/26c98590-e8f9-4cd9-83d6-db0d25ad2... Apr 2025 - builder.ai restates revenues and hires outside auditors to investigate inflated sales https://www.bloomberg.com/news/articles/2025-03-31/microsoft-qia-backed-startup-builder-ai-hires-auditors-to-probe-inflated-sales https://www.bloomberg.com/news/articles/2025-03-31/microsoft... and this week they folded. The website was up 48 hours ago last I checked, but has now been taken down.