💰 VC Brief

🎯 Builder.ai collapses after $445M fraud; Infleqtion raises $100M; Snowflake acquires Crunchy Data for $250M.

🔸 Builder.ai, backed by Microsoft and SoftBank, files for bankruptcy after $445M fraud, inflated revenue claims, and a major data breach; investigations ongoing in US, UK, and India.

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Love seeing a story of a company taking a huge risk on leveraging AI hype, only to be exposed. Surely the VC's knew this minus the inflated revenue numbers?

aichannel

Here for 'Proof of' tokenisation and on-chain Commerce.📈 /growth at poap.xyz I 🟪 /purple DAO 🦁 @safary mod for /london + /poap

It’s crazy tbh 

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