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AI Startup Revealed To Be 700 Indian Employees Pretending To Be Chatbots
Tuesday June 3, 2025. 10:20 PM , from Slashdot
![]() The ruse began to collapse in May when lender Viola Credit seized $37 million from the company's accounts, uncovering that Builder.ai had inflated its 2024 revenue projections by 300%. An audit revealed the company generated just $50 million in revenue, far below the $220 million it claimed to investors. A Wall Street Journal report from 2019 had already questioned Builder.ai's AI claims, and a former executive sued the company that same year for allegedly misleading investors and overstating its technical capabilities. Despite that, the company raised over $445 million from big names including Microsoft and the Qatar Investment Authority. Builder.ai's collapse has triggered a federal investigation in the U.S., with prosecutors in New York requesting financial documents and customer records. Read more of this story at Slashdot.
https://it.slashdot.org/story/25/06/03/1954225/ai-startup-revealed-to-be-700-indian-employees-preten...
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