Builder.ai collapse exposes dangers of ‘FOMO investing’ in AI

May23
by on May 23, 2025 at 3:09 pm
Posted In: Uncategorized


The collapse of Builder.ai exposes the growing threat of “FOMO investing,” according to an expert in tech growth intelligence. Builder had become one of Britain’s best-funded startups, but is now filing for bankruptcy due to financial problems. The insolvency comes after enormous sums were invested into the business. Big-name backers including Microsoft and Qatar’s sovereign wealth fund had poured a total of over $500mn into the startup, which aimed to simplify software development with AI. The funding gave Builder a coveted unicorn status, with a valuation exceeding $1.3bn. But the eye-watering sums couldn’t keep the business afloat. Builder blamed the…

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Startup uses ancient bacteria to turn Texas CO2 into green chemicals

May22
by on May 22, 2025 at 11:15 am
Posted In: Uncategorized


Again, the German-Danish startup using ancient bacteria to turn CO2 into new chemicals, is building a new bioreactor plant in Texas. The facility will be located at Texas City, a major petrochemicals park located on the Gulf Coast. The industrial centre is run by Diamond Infrastructure Solutions — a joint venture between chemicals giant Dow and Macquarie Asset Management.   “We’re building a global company, and that also means taking our technology into new regions,” Again’s co-founder Max Kufner told TNW. “There is a high demand in the US for our chemicals, particularly ones that can be sustainably made on-shore.”…

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How to thrive with AI agents — tips from an HP strategist

May22
by on May 22, 2025 at 9:29 am
Posted In: Insider


The rapid rise of AI agents is sparking both excitement and alarm. Their power lies in their ability to complete tasks with increasing autonomy. Many can already pursue multi-step goals, make decisions, and interact with external systems — all with minimal human input. Teams of AI agents are beginning to collaborate, each handling a specialised role. As their autonomy increases, they’re poised to reshape countless business processes. Tech giants are heralding them as the future of the web. At Microsoft’s Build conference this week, the company declared that we have entered “the era of AI agents.” OpenAI CEO Sam Altman…

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Meta AI chief: ‘Inferiority complex’ is stunting European tech

May21
by on May 21, 2025 at 3:59 pm
Posted In: Uncategorized


Europe’s not lacking talent — it’s lacking confidence. That’s the verdict from Meta’s chief AI scientist Yann LeCun, who says an “inferiority complex” among European media and investors is holding back the continent’s tech industry. “The main reason why the European tech industry is small is a mistaken assumption of technological inferiority on the part of the European media,” wrote LeCun in an X post.  “Perhaps more importantly, there was a similar inferiority complex on the part of investors, which made them less willing to take risks when the mere possibility of an American competitor would rear its head. That…

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Dutch startup ecosystem grows 26% but falls to 6th in Europe

May19
by on May 19, 2025 at 10:00 pm
Posted In: Uncategorized


The Dutch startup ecosystem has slipped to 10th place globally and sixth in Europe, according to the newly released Global Startup Ecosystem Index 2025.  The annual report, compiled by research platform StartupBlink, benchmarks the startup strength of over 1,400 cities and 110 countries worldwide.  The US took the top spot globally, with the UK coming in second. Among the European nations, Britain was followed by Sweden (sixth), Germany (seventh), and France (eighth). Switzerland claimed ninth place,  pushing the Netherlands down one spot.   However, it’s not all bad news for the Dutch startup ecosystem, which saw an above-average growth rate of…

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