AI software company Builder.ai is entering insolvency proceedingsThe Microsoft-backed unicorn, which has raised more than $450 million in funding, rose to prominence for its AI-based platform that aimed to simplify the process of building apps and websites.Builder.ai has faced major leadership shakeups and financial issues over the past few months. In March, it was reported that the company last summer lowered its estimated revenue by 25% for the second half of 2024. In February, the company appointed a new CEO, Manpreet Ratia. Is Ai a hped technology ?

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