Neal Freiman

chief wizard, and was treated as such on the international circuit as recently as last year. He was named an EY World Entrepreneur of the Year and hosted events with celebrities at Davos. But even as Dougal hobnobbed with the A-list in ski chateaus, cracks were beginning to form in Builder AI's promise.

chief wizard, and was treated as such on the international circuit as recently as last year. He was named an EY World Entrepreneur of the Year and hosted events with celebrities at Davos. But even as Dougal hobnobbed with the A-list in ski chateaus, cracks were beginning to form in Builder AI's promise.

In 2019, it was accused by a former employee of being essentially nothing more than a smoke and mirrors operation. Media reports found that when it was seeking emergency cash last year, it gave lenders a revenue forecast that was over four times its actual sales, 220 million versus the actual 50 million.

In 2019, it was accused by a former employee of being essentially nothing more than a smoke and mirrors operation. Media reports found that when it was seeking emergency cash last year, it gave lenders a revenue forecast that was over four times its actual sales, 220 million versus the actual 50 million.

In 2019, it was accused by a former employee of being essentially nothing more than a smoke and mirrors operation. Media reports found that when it was seeking emergency cash last year, it gave lenders a revenue forecast that was over four times its actual sales, 220 million versus the actual 50 million.

And the knockout blow came a few months ago when a creditor pulled cash from its bank account after realizing they'd been duped. Dougal was pushed out and a new CEO was hired to save the business, but that proved difficult when the new guy learned that the company had, quote, zero dollars to its name.

And the knockout blow came a few months ago when a creditor pulled cash from its bank account after realizing they'd been duped. Dougal was pushed out and a new CEO was hired to save the business, but that proved difficult when the new guy learned that the company had, quote, zero dollars to its name.

And the knockout blow came a few months ago when a creditor pulled cash from its bank account after realizing they'd been duped. Dougal was pushed out and a new CEO was hired to save the business, but that proved difficult when the new guy learned that the company had, quote, zero dollars to its name.

Toby, this is extremely embarrassing for the AI industry and all those investors, but in hindsight, when you're dealing with a guy who calls himself Chief Wizard, you should maybe be a little skeptical.

Toby, this is extremely embarrassing for the AI industry and all those investors, but in hindsight, when you're dealing with a guy who calls himself Chief Wizard, you should maybe be a little skeptical.

Toby, this is extremely embarrassing for the AI industry and all those investors, but in hindsight, when you're dealing with a guy who calls himself Chief Wizard, you should maybe be a little skeptical.

led to the collapse of this once buzzy ai startup and it is a huge setback for the uk ai startup uh environment because the uk has trailed the us everyone has trailed the us in terms of building uh ai unicorns uh since 2019, U.S. AI startups have raised $84 billion. U.K. AI startups have raised $3 billion.

led to the collapse of this once buzzy ai startup and it is a huge setback for the uk ai startup uh environment because the uk has trailed the us everyone has trailed the us in terms of building uh ai unicorns uh since 2019, U.S. AI startups have raised $84 billion. U.K. AI startups have raised $3 billion.

led to the collapse of this once buzzy ai startup and it is a huge setback for the uk ai startup uh environment because the uk has trailed the us everyone has trailed the us in terms of building uh ai unicorns uh since 2019, U.S. AI startups have raised $84 billion. U.K. AI startups have raised $3 billion.

So there's that huge gap, and Builder was responsible for so much of that $3 billion for the U.K., just a big setback for a country that is trying to catch up to the U.S., be at the forefront of this technology, and their buzzy start. This was the biggest AI startup in the U.K. and possibly around Europe. It just collapsed in spectacular fashion.

So there's that huge gap, and Builder was responsible for so much of that $3 billion for the U.K., just a big setback for a country that is trying to catch up to the U.S., be at the forefront of this technology, and their buzzy start. This was the biggest AI startup in the U.K. and possibly around Europe. It just collapsed in spectacular fashion.

So there's that huge gap, and Builder was responsible for so much of that $3 billion for the U.K., just a big setback for a country that is trying to catch up to the U.S., be at the forefront of this technology, and their buzzy start. This was the biggest AI startup in the U.K. and possibly around Europe. It just collapsed in spectacular fashion.

Wise Business accounts have the tools you need to do business abroad. Process payments get paid and manage your money from anywhere around the world. And Wise Business doesn't break the bank. There are no hidden fees, no markups on the exchange rate, and no ongoing subscription cost.

Wise Business accounts have the tools you need to do business abroad. Process payments get paid and manage your money from anywhere around the world. And Wise Business doesn't break the bank. There are no hidden fees, no markups on the exchange rate, and no ongoing subscription cost.

Wise Business accounts have the tools you need to do business abroad. Process payments get paid and manage your money from anywhere around the world. And Wise Business doesn't break the bank. There are no hidden fees, no markups on the exchange rate, and no ongoing subscription cost.