Once valued at $1.5 billion and backed by Microsoft, Builder. ai has filed for bankruptcy after a lender seized $37M, exposing deep cracks in its AI narrative.
Despite its promise of no-code, AI-powered app creation, much of the work was reportedly done manually by engineers in India. Critics say the “AI” was more branding than breakthrough, raising questions about hype vs. reality in the AI startup world.
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#BuilderAI for app lender cracks “AI” AI a seized #NoCode
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