Not to confuse with builder.IO - poor founder was posting these days "FOR THE LAST TIME GUYS THIS IS A DIFFERENT COMPANY".
Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
41–50 of 283 posts
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#42This is so weird, its not that hard to actually build an app builder. There are multiple open-source repos (bolt etc), they could have just paid their "AI engineer" to actually build an AI engineer. Shameless plug, but we built ( https://v1.slashml.com ), in roughly 2 weeks. Granted its not as mature, but we don't have billions :)
They launched in 2016
Should have pivoted faster.
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#43AI = Actual Indians, apparently.
Yep. Also happened with Amazon's "Just Walk Out Technology:" https://www.businessinsider.com/amazons-just-walk-out-actual...
My understanding is this turned out not to be true. People were used to label stuff for new stores, but the actual implementation did not depend on some sort of fakery.
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#44Earlier quoted context omitted.
Capitalism rewards dishonesty. Every company is a grifter to some degree. This is more widespread in technical service companies.
Capitalis does no such thing, the market available to the company does. Every problem people blame on "capitalism" is solvable with appropriate regulation. That's literally the point of regulation, too. Dozens of other countries show you can have a vibrant economy that isn't beholden to a few billionaires.
Capturing the regulators is a great way to make yourself immune to market pressure.
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#45Earlier quoted context omitted.
Capitalism rewards dishonesty. Every company is a grifter to some degree. This is more widespread in technical service companies.
Capitalis does no such thing, the market available to the company does. Every problem people blame on "capitalism" is solvable with appropriate regulation. That's literally the point of regulation, too. Dozens of other countries show you can have a vibrant economy that isn't beholden to a few billionaires.
> Capitalis does no such thing, the market available to the company does. Every problem people blame on "capitalism" is solvable with appropriate regulation
Too bad that capital owners deeply hate regulation and do everything they can to deregulate everything.
Hell, it doesn't even need to be capital owners. Plenty of bootlickers here on HN that always cry about any kind of government regulation.
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#46Earlier quoted context omitted.
Capitalis does no such thing, the market available to the company does. Every problem people blame on "capitalism" is solvable with appropriate regulation. That's literally the point of regulation, too. Dozens of other countries show you can have a vibrant economy that isn't beholden to a few billionaires.
> Every problem people blame on "capitalism" is solvable with appropriate regulation. Capitalism makes capitalism hard to appropriately regulate. Concentration of capital means concentration of power.
> Capitalism makes capitalism hard to appropriately regulate. Concentration of capital means concentration of power.
And yet many countries have a better handle on it than the USA. I just never, ever buy into the whole "it's to hard for America to do a thing that other countries do". I think the US is capable of anything we put our collective will towards, we just need leaders who want to lead the whole nation rather than personal profiteers.
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#47Oh no, qwik was my favourite JavaScript framework
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#48Earlier quoted context omitted.
Not all companies are equal. At the same time that Tesla was making actual electric cars, Nikola was rolling fake "electric trucks" downhill. Grifters exist, but not everyone is a grifter.
Not sure Tesla is the poster child for non-grifters in the context of AI.
Or “auto pilot”
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#49Earlier quoted context omitted.
Yep. Also happened with Amazon's "Just Walk Out Technology:" https://www.businessinsider.com/amazons-just-walk-out-actual...
My understanding is this turned out not to be true. People were used to label stuff for new stores, but the actual implementation did not depend on some sort of fakery.
I imagine it's possible the truth was somewhere in between. But if it worked, why did they stop using it in their grocery stores after putting so much money into it?
Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?
#50Earlier quoted context omitted.
neither? Negligence doesn't make sense because it was the VCs own money- no duty to care. It doesn't seem like anyone cashed out either. Seems like a bad bet that went south.
>> Negligence doesn't make sense because it was the VCs own money Almost definitionally, VCs are investing someone else's money (the people providing the capital are called the "limited partners" (LPs); the VCs who raise and invest the money are "general partners" (GPs).) The LPs are often pension funds, university endowments, and charitable organizations. Yes, GPs do typically have a capital contribution requirement…
That's fair.