Facing bankruptcy, Builder.ai allegedly engaged in ’round-tripping’ with VerSe Innovation to inflate sales figures without providing actual services, as per sources. The practice of billing each other for similar amounts to deceive investors is said to have occurred between 2021 and 2024. The allegations raise concerns about financial transparency and investor trust in the companies involved.
Microsoft Ditches OpenAI for In-House AI in Key Apps
Microsoft begins replacing OpenAI and Anthropic with its own AI models in popular applications like Excel and Outlook to reduce costs.