A Billion Dollar AI Startup Just Collapsed Spectacularly
As the artificial intelligence industry struggles with ever-rising costs — not to mention a steady uptick in hallucinations — investors are getting impatient. One investment firm went as far as seizing $37 million from accounts owned by Builder.ai, a UK-based AI startup. Builder.ai was previously one of the most well funded tech startups in the UK, with tens of millions of dollars in backing from Microsoft and the Qatari government. More on AI startups:
Link :
https://futurism.com/ai-startup-builderai-collapse