tyb
o7
anon wants to know
why builder.ai was not in the notables
700 indians pretending to be a.i
pb below.
>>23130435, >>23130438 Builder.ai Faked Business With Indian Firm VerSe to Inflate Sales, Sources Say
can do, or baker can just notable it and pb the link.
this is important,
another anon and corp were having a discussion the other day about tech bro's and a.i taking over all systems, he made some great points about replacing people with a.i tech and if something went wrong, the people in charge of it would not be able to fix it.
it was about a djt t.s post.
This is so much bigger because it feeds into h1b visas, what happened with elon, zia yusuf and h.r being taken over and people inserted in line of management by communists, feminists and other nefarious group.
That builder.ai was a massive firm who lied and had 700 indians pretending to be a.i.
What could possible go wrong.
pb links to a.i discussion and djt post
>>23121022, >>23121045, >>23121128, >>23121155, >>23121190 ADP NUMBER OUT, Call out to Jerome powell - djt t.s post and anon opine.
full opine, discussion pb
>>23121022 (You), >>23121045 (You), >>23121128, >>23121155, >>23121190, >>23121297 (You), >>23121317, >>23121345, >>23121429 ADP NUMBER OUT, Call out to Jerome powell - djt t.s post and anon opines.
repost
IF YOU ONLY KNEW HOW BAD THINGS REALLY ARE - INDIANS KEK
Builder.ai Faked Business With Indian Firm VerSe to Inflate Sales, Sources Say
https://www.bloomberg.com/news/articles/2025-05-30/builder-ai-faked-business-with-indian-firm-verse-to-inflate-sales-sources-say
https://archive.ph/eRFtd
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By Yazhou Sun, Mark Bergen, and Newley Purnell
May 30, 2025 at 5:55 PM UTC
Updated on May 31, 2025 at 4:47 PM UTC
Builder.ai, the artificial intelligence startup that recently announced plans to declare bankruptcy, faked business with the Indian social-media startup VerSe Innovation for years to falsely inflate its sales, according to documents reviewed by Bloomberg and people with direct knowledge of the practice.
The two companies routinely billed one another for roughly the same amounts between 2021 and 2024, documents reviewed by Bloomberg show, as part of an alleged practice known as "round-tripping" that the people said Builder.ai used to inflate revenue figures it presented to investors. In many cases, products and services weren’t actually provided to either company for these payments, said the people, who asked not to be identified discussing confidential information.
Umang Bedi, a VerSe co-founder, said it was “absolutely baseless and false” that his company would have recorded expenses or billed services that it didn’t receive or provide. “We’re not the kind of company that is in the business of inflating revenues,” he said in an interview. The company said that the services bought and sold to Builder.ai have been verified by reputable external organizations. Accusations of round tripping are “defamatory and irresponsible,” and it’s incorrect to say that the companies routinely billed each other for roughly the same amount, VerSe said.
A representative for Builder.ai declined to comment.
Builder.ai, once valued at about $1.5 billion, is the most high-profile AI startup to collapse since ChatGPT’s launch started a global investment frenzy. Its downfall shows the risks inherent in the rush to back AI startups as investors seek to replicate the success of industry heavyweights such as OpenAI and Anthropic. The London-based startup, which pitched its tech as a way to make apps with little or no coding, said earlier in May it planned to file for bankruptcy after a major creditor seized most of its cash.
Bloomberg reported earlier that Builder.ai overstated its projected 2024 sales to creditors by 300%, which contributed to the lenders’ decision to seize the company’s funds. Bloomberg also reported that US prosecutors have demanded that the company hand over financial statements, accounting policies and a list of its customers as part of a subpoena. Builder.ai has declined to comment on the subpoena. The company has acknowledged it’s found discrepancies in its historical sales but has declined to comment on the scope of the alleged overstatement.
Builder.ai collected close to $60 million in revenue from VerSe in the four-year period for services such as application development, according to people with knowledge of the situation. In turn, the AI startup sent funds to VerSe and its subsidiary, Quark Media Tech, for services such as marketing, the documents show. The two companies appear to have interspersed the timing and amount of the invoices to avoid suspicion, though each firm ultimately spent approximately the same amount, according to the people and documents.
Bedi, a former managing director for Facebook in India and South Asia, said VerSe started working with Builder.ai around 2021, but denied that the companies were acting in cooperation or failed to deliver any services. “There is no correlation on any timing of any payment to any partner,” Bedi said.
Builder.ai had raised more than $450 million from investors, including Insight Partners and the Qatar Investment Authority, or QIA, one of the largest sovereign wealth funds. Microsoft Corp. invested in 2023 and announced plans to integrate the startup’s offerings with Microsoft’s cloud and Teams product. “We see Builder.ai creating an entirely new category that empowers everyone to be a developer,” Jon Tinter, a Microsoft corporate vice president, said at the time.
A representative for Insight Partners didn’t respond to requests for comment. Spokespeople for Microsoft and QIA, which also invested in VerSe, declined to comment.
In February, Builder.ai’s founder Sachin Dev Duggal stepped down as chief executive officer, although he remained on the board and retained his title as “Chief Wizard” at the nine-year-old company. He was replaced as CEO by Manpreet Ratia, an investor with Jungle Ventures, a Builder.ai backer based in Singapore. Shortly after joining, Ratia said he planned to strengthen the company’s governance and policies.
Three months after taking the role, he told employees the company planned to shut down. “With no viable alternatives, the Board has made the extremely difficult decision to enter into insolvency,” he wrote in an internal email reviewed by Bloomberg.
A representative for Duggal declined to comment.
VerSe, which is based in Bengaluru, is one of the largest consumer tech newcomers in India. VerSe has said that its news aggregation app, Dailyhunt, has more than 350 million monthly users, and it released a video app, called Josh, right after the Indian government banned TikTok. In 2022, VerSe raised $805 million from the Canada Pension Plan Investment Board and other investors in a round that gave the startup a $5 billion valuation. Goldman Sachs and Google had invested in VerSe earlier. Representatives for the Canada Pension Plan Investment Board and Goldman declined to comment. Google didn’t respond to requests for comment.
In VerSe’s financial report for the year ending in March 2024, its auditor Deloitte wrote in its opinion that the startup lacked “appropriate internal controls” over several aspects of its business, including its information technology, advertising revenue and relationship with suppliers. Those flaws “could potentially result in material misstatement” of the company’s accounts, the auditor wrote in the report, which was reviewed by Bloomberg.
Deloitte did sign off on the startup’s accounts for the year as “true and fair.” Bedi described the issues the auditor flagged as common “process control” difficulties that the company was working through and said that Deloitte found no material misstatements.
The Deloitte opinion was previously reported by the Indian publication Mint. The newspaper also reported in April that VerSe’s chief financial officer had resigned ahead of the startup’s expected initial public offering. Bedi said the CFO, Sandip Basu, left for health reasons. He said the company currently has “very little debt” and plans to break even by the second half of 2025. He said the company is speaking to potential advisers about an IPO, but doesn’t have firm plans. Basu couldn’t immediately be reached for comment.
Builder.ai founder Duggal and Bedi have cooperated publicly and Duggal has posted on social media with Bedi. In 2023, Duggal added a photo on his verified Instagram account showing him and Bedi standing together, sporting light colored blazers, in front of 10 Downing Street, the official residence and office of the British Prime Minister. “With my main man @umang.bedi at @10downingstreet for #londontechweek,” Duggal wrote, tagging Bedi’s verified account. In a later LinkedIn post, Duggal thanked Bedi for contributing to a Builder.ai gathering in Singapore as one of the “incredible speakers from the extended Builder.ai family.”
Bedi said he participated in the event via Zoom and did not travel to Singapore. He said he invested about $10,000 in Duggal’s company, which was previously known as Engineer.ai, around 2017. But Bedi said he has only met Duggal “two or three” times, noting that the London meeting was part of a broader group of tech executives and entrepreneurs. “I don't have a very close interpersonal relationship,” Bedi said. “I have a professional business working relationship.”
— With assistance from Sankalp Phartiyal
>>23131667, >>23131684 Builder.ai Faked Business With Indian Firm VerSe to Inflate Sales, 700 indians pretend to be a.i - bloomberg
pb anon opine on a.i and djt post
>>23121022, >>23121045, >>23121128, >>23121155, >>23121190, >>23121297, >>23121317, >>23121345, >>23121429 ADP NUMBER OUT, Call out to Jerome powell - djt t.s post and anon opines.
REFORM WILL TAKE SCOTLAND EVEN THOUGH THEY CHEATED
Note: repost of scottish election, they allowed people to vote without i.d and hand in late mail in ballots. see pb links below.
heaver give a quick breakdown of reform uk local results.
>>23128027, >>23129302 FUCKERY AFOOT IN THE SCOTTISH ELECTION, LABOUR WIN. pb
runtime: 3 mins 20 secs
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Britain Now Delivering Election SHOCKWAVES
https://youtu.be/JFOKs9uDSFE
notable >Spectrum
Spectrum 6g
The development of 6G spectrum involves redefining today's spectrum grid and exploring new frequency bands in the cmWave and sub-THz ranges to meet the demands of future mobile networks beyond 5G Advanced.
Future 6G networks aim to enable a new immersive age of sensory and ubiquitously enriched digital experiences, requiring additional spectrum to ensure continued cost-efficient support for existing mobile use cases such as mobile broadband, fixed wireless access (FWA), and mixed reality.
According to Ericsson, the first implementable 6G specification is expected around 2027, with national regulators deciding which frequencies to release and beginning the licensing process around 2029.
The World Radiocommunication Conference (WRC) in 2027 is expected to decide on the frequency bands and conditions for 6G, with 3GPP concluding on the standardization requirements for the first 6G specifications in 3GPP Release 21 in the second half of 2028.
To support the growing cellular traffic, additional spectrum will be required to ensure sustainable growth. The GSMA suggests that 200-400 MHz channels will be necessary for each operator in mid-bands for mobile evolution going into the 2030s.
The UAE, for example, will add 350 MHz per operator in 6 GHz in 2025, while WRC-27 will consider bands in the 4.5 GHz, 7-8 GHz, and 14 GHz ranges.
Ofcom emphasizes the need for future spectrum management to focus on spectrum sharing and flexible access to accommodate the potential diversity of next-generation networks.
Companies like Ericsson, Nokia, and Qualcomm are leading research projects and developing technical elements of 6G networks, with the goal of rolling out 6G in the early 2030s.
Mid bands from within the 7-15 GHz frequency range, specifically from within 7.125-8.5 GHz, 10.7-13.25 GHz, and 14-15.35 GHz, are considered critical for the commercial success of 6G, as they balance capacity and coverage.
Sub-THz spectrum can be useful for applications like high accuracy sensing and positioning, though it complements mid-bands rather than replacing them due to its limited propagation characteristics.
The frequency bands for 6G are still undetermined, but the industry is actively working with governments and international bodies to ascertain which bands may be used for the future expansion of mobile.
KASH PATEL ON JOE ROGAN - JUST RELEASED 6TH JUNE 2025
Note: runtime 1hr 58 minutes.
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Joe Rogan Experience #2334 - Kash Patel
https://youtu.be/C81bFx8CSA8
-
6 Jun 2025 The Joe Rogan Experience
Kash Patel is the Director of the FBI, appointed in February 2025. A former federal public defender, national security prosecutor, and senior official in both the Department of Justice and the Trump administration, he has held roles across the Intelligence Community, Department of Defense, and National Security Council.