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People behind Microsoft, Softbank-backed AI start-up under scrutiny in India for past dealings
Sachin Dev Duggal and Saurabh Dhoot, key figures behind UK-based company Builder.ai, are facing charges in India over their past business engagements, according to a report by The Financial Times.
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BuilderAI is a big technology startup with substantial backing from global investors including Microsoft and SoftBank. Duggal is under suspicion in a money laundering case linked to the collapse of Videocon while Dhoot faces allegations in a loan fraud probe related to the same company.
Builder.ai, established in 2016 and initially known as Engineer.ai, aims to simplify app and website development using artificial intelligence, comparing the process to ordering pizza.
The company, based in London, has raised significant funds, notably a $250 million round led by Qatar's sovereign wealth fund in 2023, amidst a surge of interest in generative AI technologies.
The accusations stem from