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.

indian ceo in UK claims his "AI" software company can make software without regular human programmers
got 500mil funding, mostly from microsoft
turns out his AI is just regular human programmers based in india
dude resign before news come out
company collapses..