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Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

ibtimes.co.uk

51–60 of 283 posts

Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

#51

AI = Actual Indians, apparently.

Yep. Also happened with Amazon's "Just Walk Out Technology:" https://www.businessinsider.com/amazons-just-walk-out-actual...

I wish more stores would just do something like Scan and Go at Sam's Club. By far the smoothest checkout experience I've ever used.

https://tech.walmart.com/content/walmart-global-tech/en_us/b...

Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

#52

Earlier quoted context omitted.

Not sure Tesla is the poster child for non-grifters in the context of AI.

Or “auto pilot”

Auto pilot is pretty good at driving within the same lane. Just like a plane pilot needs to do the more complicated stuff like take off and landing, one can expect the same with autopilot (just changing lanes and stopping at lights or stop signs or turning).

Full self driving is the mislabeled one. Should be “90% self driving”.

Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

#54
post #11

Earlier 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.

How are they grifters? Tesla gave us FSD to try for free for a month, twice now. If you don't like its performance, don't pay.

Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

#55
post #53

Not to confuse with builder.IO - poor founder was posting these days "FOR THE LAST TIME GUYS THIS IS A DIFFERENT COMPANY".

actually he should buy the bankrupt name and be the same company

I expect the builder.ai story will break into the mainstream via a book / documentary. There are some insane details and it's the first large-scale AI hype failure - which people are hungry to get the details on - and some big names involved.

Another failure of dd - I really wonder how high-profile investors pour hundreds of millions into a co without doing something simple like ordering an app using a burner account.

Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

#56
post #33

Earlier 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,

I think it's obvious that this is incorrect. Part of regulation is to try and curtail grifting. It is not possible to prevent it and is the tendency of the system.

Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

#57

Earlier quoted context omitted.

Also it can't have been fast. Didn't customers and investors feel that it was weird that CoPilot spits out code as fast as you can type, but Builder.ai needs days or weeks to generate your app. Or where these Indian developers just really really fast?

Maybe they use GPT :)

There's this one super secret agentic framework that beats all the benchmarks...

Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

#58
post #27

Earlier quoted context omitted.

Capitalism rewards dishonesty. Every company is a grifter to some degree. This is more widespread in technical service companies.

It's a wonderful thing that no other economic systems reward dishonesty. /s

>>> Grifters exist, but not everyone is a grifter.

>> Capitalism rewards dishonesty.

> It's a wonderful thing that no other economic systems reward dishonesty.

This is a whataboutism. To rephrase, "all economic systems reward dishonesty." - That's the point. Saying not every market participant is a grifter is a form of denial.

Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

#59
post #55
post #53

Earlier quoted context omitted.

actually he should buy the bankrupt name and be the same company

I expect the builder.ai story will break into the mainstream via a book / documentary. There are some insane details and it's the first large-scale AI hype failure - which people are hungry to get the details on - and some big names involved. Another failure of dd - I really wonder how high-profile investors pour hundreds of millions into a co without doing something simple like ordering an app using a burner account…

> I really wonder how high-profile investors pour hundreds of millions into a co without doing something simple like ordering an app using a burner account.

You'd think that if you're investing $1M+, there's budget for at least getting an intern / assistant to do that.

Re: Builder.ai Collapses: $1.5B 'AI' Startup Exposed as 'Indians'?

#60
post #14

This 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 :)

Nice, I'll try this out tonight.
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