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# No one could have foreseen this
- URL: https://atangleofviews.ghost.io/no-one-could-have-foreseen-this/
- Published: 2025-06-03T12:51:19.000Z
- Updated: 2025-08-03T23:35:44.000Z
- Author: heedless

Just dropping this here, the latest in all things economically ruinous and Indian. Terms have the same meaning. 

[Bankrupt Microsoft-Backed 'AI' Company Was Using Indian Engineers To Fake It: Report](https://www.zerohedge.com/political/bankrupt-microsoft-backed-ai-company-was-using-indian-engineers-fake-it-report)

> Valued at $1.5 billion after a $445 million investment by Microsoft, the company claimed to leverage artificial intelligence to generate custom apps in 'days or weeks,' which would produce functional code that had less human involvement. 

> **Now they've gone cloth-off... as *Bloomberg* reports they had a 'fake it till you make it' strategy while having inflated 2024 revenue projections by 300%.** Instead of AI, the company was actually using a fleet of more than 700 Indian engineers from social media startup VerSe Innovation *for years* to actually write the code. 

> Requests for custom apps were based on pre-built templates and later customized through human labor to tailor the requests sent to the company - whose demos and promotional materials misrepresented the role of AI. 

> According to *Bloomberg*, **Builder.ai and VerSe Innovation 'routinely billed one another for roughly the same amounts between 2021 and 2024**,' in an alleged practice known as "round-tripping" that people said Builder.ai used to **inflate revenue figures that were then presented to investors.** In several cases, products and services weren't actually rendered for these payments.