581
submitted 1 year ago* (last edited 1 year ago) by cyrano@lemmy.dbzer0.com to c/technology@lemmy.world

not only created a fake AI company that was ‘all humans, no intelligence,'” he also “dared to falsely report 300% revenue to investors.”

Name: builder.ai

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[-] Deflated0ne@lemmy.world 212 points 1 year ago
[-] cmgvd3lw@discuss.tchncs.de 85 points 1 year ago

Not only that, it provided job for people rather than cutting them

[-] UnderpantsWeevil@lemmy.world 126 points 1 year ago

AI company

Uses no AI

Honestly, the smartest thing they could do

Bilks investors for $1.5B and then just walks off with the money

Incredible. Who did they bilk?

Microsoft

Lolz.

[-] Tangent5280@lemmy.world 19 points 1 year ago

Microsoft gets shafted

lol. lmao even.

[-] Jimmycakes@lemmy.world 17 points 1 year ago

Don't forget softbank if there's money to piss away they are always first in live

[-] boonhet@lemm.ee 2 points 1 year ago

But but Masayoshi Softbank was put on this earth to bring about AI Singularity!

[-] hypeerror@sh.itjust.works 14 points 1 year ago

The eco friendly AI. They give you an incorrect wall of bullshit but don't need a dedicated power plant to make it happen.

[-] Dragonstaff@leminal.space 14 points 1 year ago

AI -> Actually Indians

[-] AllNewTypeFace@leminal.space 54 points 1 year ago

Much of “AI” is labour arbitrage, delegating the work to workers in countries with lower wages and weaker labour protections while pretending that the machine that interposes between them is doing it. There’s a joke that AI stands for “absent Indians”.

[-] AstralPath@lemmy.ca 34 points 1 year ago

Isnt it "actually Indians"?

[-] morrowind@lemmy.ml 4 points 1 year ago

I've seen it as "An Indian"

Altogether Infosys

[-] markstos@lemmy.world 34 points 1 year ago

Years ago there was a voice to text transcription service sold as automated that worked by people listening to your voicemails and typing them out.

[-] barneypiccolo@lemm.ee 15 points 1 year ago

That still exists, they run TV ads all the time. The ads even have print that says that someone listens to the callers and types out what they say.

[-] Railcar8095@lemm.ee 6 points 1 year ago

We had 100+ classifying text by hand for a customer on India. The costumer thought it was Deep Learning back then.

[-] Lyrl@lemm.ee 2 points 1 year ago

Also see the "autonomous taxi" services that, when encountering anything outside the limited scope their programming can handle, are remotely operated by human drivers.

[-] andybytes@programming.dev 33 points 1 year ago
[-] cantstopthesignal@sh.itjust.works 11 points 1 year ago

It's really good at something. The MBAs just haven't figured it out yet.

[-] Ebber@lemmings.world 5 points 1 year ago

Like anything with hype, it can funnel money

[-] supersquirrel@sopuli.xyz -3 points 1 year ago

The good thing is there are some nice Als out there, I suggest go talking to one even the weird polka one

[-] Gradually_Adjusting@lemmy.world 32 points 1 year ago

Reject tech, return to mechanical Turk

[-] josefo@leminal.space 4 points 1 year ago

I expected the Turk mentioned earlier here, thanks

[-] Gradually_Adjusting@lemmy.world 2 points 1 year ago

I too felt the compulsion

[-] Kolanaki@pawb.social 27 points 1 year ago

all humans, no intelligence

Maybe hire smart humans instead of dumb ones 🤷🏻‍♂️

[-] TomMasz@lemmy.world 25 points 1 year ago

The planet is healing.

[-] tabular@lemmy.world 25 points 1 year ago* (last edited 1 year ago)

A billion dollars is a worthless amount of money, apparently. Do investors have no loved ones?

[-] boonhet@lemm.ee 12 points 1 year ago

1.5 billion is enough to give everyone in my country about a grand. Won't change most people's lives, but I bet it would help thousands of people out of a debt cycle and a lot of people could pull the trigger on some appliance or maybe a car repair that they've been putting off. Estonia isn't poor, but it's far from rich, even after all those startups.

[-] Hobo@lemmy.world 4 points 1 year ago

Just rename Estonia to EstoniAI and people will apparently send you $1.5 billion no questions asked.

[-] boonhet@lemm.ee 2 points 1 year ago

Why do that when you can instead partner with ClosedAI for education, meaning we can spend government money on AI bs

[-] desktop_user@lemmy.blahaj.zone 7 points 1 year ago

wo needs loved ones when you have money?

[-] ArchmageAzor@lemmy.world 5 points 1 year ago

You don't get to investor levels of money with empathy.

[-] misterdoctor@lemmy.world 14 points 1 year ago

Can’t wait for the investigative podcast that explains how fucked up this place was

Make it a Netflix series like the one on Elisabeth Holmes, and I'm in !

[-] brown567@sh.itjust.works 13 points 1 year ago

"All humans, no intelligence"

Yeah seems like it bud

[-] _cnt0@sh.itjust.works 12 points 1 year ago

To be fair, intelligence isn't found in anything marketed as "AI". This one being a scam using humans, actually featured intelligence.

[-] PixelatedSaturn@lemmy.world 11 points 1 year ago

Funny. I'm thinking some people made a lot of money.

On the other hand, I think Lemmy folks would be pleased, that an ai company didn't harm the environment 😀

[-] MCasq_qsaCJ_234@lemmy.zip 0 points 1 year ago

I don't know how Lemmy users would react if Helion Energy achieves its goal before 2028.

[-] RememberTheApollo_@lemmy.world 9 points 1 year ago

Somebody might actually get in trouble here for pissing off rich people. Regardless, the common investor will just get hosed.

[-] brown567@sh.itjust.works 8 points 1 year ago

Cool motive, still investment fraud XD

[-] 4shtonButcher@discuss.tchncs.de 4 points 1 year ago

Archive Link or alternative source? This crappy site refuses to load due to my AdBlock

[-] kirk781@discuss.tchncs.de 1 points 1 year ago

Which Adblock are extension are you using ( Adblock Plus by any chance?)? I just tried on mobile Firefox with uBlock Origin and rendered fine.

[-] 4shtonButcher@discuss.tchncs.de 1 points 1 year ago

Interestingly it loads today. I have AdAway on my phone and PiHole in my home network

[-] toastmeister@lemmy.ca 1 points 1 year ago
this post was submitted on 30 May 2025
581 points (99.2% liked)

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