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May 23, 2025

Builder.ai investigation uncovered ‘potentially bogus’ sales before collapse

Troubled AI startup downgraded revenue forecasts to a quarter of original predictions

AI unicorn Builder collapsed after lenders discovered “potentially bogus” sales with revenue forecasts revised to a quarter of what they previously were following an internal investigation, the Financial Times reported.

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Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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