<p>➀ Builder AI, a 9-year-old startup claiming to automate app development, entered administration with 1,000 job losses and $100M liabilities;</p><p>➁ Despite raising £334M from investors like Microsoft and reaching a $1.5B valuation, audits revealed inflated financial forecasts and reliance on manual labor in India instead of AI;</p><p>➂ The company filed for Chapter 7 bankruptcy in the U.S. with under $10M in assets, while UK insolvency is managed by Alvarez & Marsal.</p>