Hello, Something is rotten in the state of Denmark. Builder.ai, the once high-flying AI startup now reportedly preparing to file for bankruptcy, has allegedly been involved in a years-long revenue inflation scheme, involving VerSe Innovation—the social media unicorn behind DailyHunt. Between 2021 and 2024, the two companies allegedly engaged in “round-tripping”—a practice where companies bill each other for similar amounts to create the illusion of legitimate revenue, according to a report by Bloomberg. VerSe has denied these allegations. The government too had some explaining to do. After an entrepreneur highlighted alleged bribery in GST registrations, Finance Minister Nirmala Sitharaman, in a post on X, said that providing services to taxpayers is the government’s duty, and this must be done while maintaining transparency and integrity. ICYMI: Google’s Veo 3 is generating very realistic AI videos, and that is spooking both viewers and filmmakers. If you feel that things are changing too fast, you’re not alone. Venture capitalist Mary Meeker released a 340-page slideshow report to describe the speed at which AI is being developed, adopted, spent on, and used, backed up with chart after chart. TLDR, it’s unprecedented. In today’s newsletter, we will talk about - How interior design is changing with AI
- What makes BLR Brewing Co’s model lucrative
- Exploring mythology and reality through dance
Here’s your trivia for today: What fat-soluble vitamin present in green leafy vegetables was given its name because it is required for coagulation of the blood to take place?
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