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"Be an observer, You are not your trading performance, Stop thinking so much, Eliminate/reduce social media activity, Accept the randomness" - Josh
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"Be an observer, You are not your trading performance, Stop thinking so much, Eliminate/reduce social media activity, Accept the randomness" - Josh
AI company files for bankruptcy after being exposed as 700 Indian engineers
AI is all the rage right now as companies laser in on language-learning models like ChatGPT, Gemini, LLaMA and more.
However, one of these AI brands has been exposed as a total sham in a wild scam that’s going viral on social media.
‘Natasha,’ an AI app-building service from London-based Builder.ai, claimed it had the ability to use artificial intelligence to create applications. From coming up with app designs to writing code, Natasha promised to pump out programs in record time.
Microsoft reportedly backed the ‘neural network’ with a $455 million investment, leading to a valuation of $1.5 billion… but it turns out all that cash was going toward a workforce of over 700 Indian engineers, rather than an AI.
As reported by Binance, employees said the majority of labor at Builder.ai was produced by humans, with some clerical work being done using general software.
The farce lasted for eight years, getting exposed in May 2025. Builder announced bankruptcy shortly thereafter, writing in a statement on LinkedIn that it would be “entering into insolvency proceedings.”
