London-Based Startup's AI Gambit Backfires, Facing Insolvency

Imagine a company that claimed its computer program could build apps on its own, like magic.

This company, Builder.ai, got lots of money for this "magic."

However, it turned out that instead of AI, the company used hundreds of people in India to manually create the apps.

When the company couldn't pay its bills and had to shut down.

This situation raises questions about the company's transparency and highlights potential problems in the AI startup world.