The collapse of Builder.ai exposes the growing threat of “FOMO investing,” according to an expert in tech growth intelligence. Builder had become one of Britain’s best-funded startups, but is now filing for bankruptcy due to financial problems. The insolvency comes after enormous sums were invested into the business. Big-name backers including Microsoft and Qatar’s sovereign wealth fund ha [...]
A startup founder told a Palantir alumni Slack group that AI agents could do the work of tens of thousands of government employees. He was met with emojis of clowns and a man licking a boot. [...]