Tesla discontinues Dojo supercomputer project
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Tesla discontinues Dojo supercomputer project

Tesla discontinues Dojo supercomputer development, shifting to external AI chip partnerships.

Burry Closes Scion Capital Fund
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Burry Closes Scion Capital Fund

Michael Burry closes Scion Capital, citing concerns over inflated AI and tech valuations.

closure news

Recent tech news reveals a cautionary narrative. Tesla scrapped Dojo, while Michael Burry closed his fund amidst AI valuation concerns. Builder.ai faces insolvency and legal battles due to alleged inflated sales and "AI-washing", alongside Amazon closing its Shanghai AI lab. Verily also discontinued its medical device program, shifting focus to AI.

Recent closure events

Burry Closes Scion Capital Fund

Burry Closes Scion Capital Fund

Michael Burry closes Scion Capital, citing concerns over inflated AI and tech valuations.

Read more about Burry Closes Scion Capital Fund →
Builder.ai Enters Insolvency Proceedings

Builder.ai Enters Insolvency Proceedings

Microsoft-backed AI startup Builder.ai enters insolvency after financial difficulties and overstated sales.

Read more about Builder.ai Enters Insolvency Proceedings →
Tesla discontinues Dojo supercomputer project

Tesla discontinues Dojo supercomputer project

Tesla discontinues Dojo supercomputer development, shifting to external AI chip partnerships.

Read more about Tesla discontinues Dojo supercomputer project →
Verily Discontinues Medical Device Program

Verily Discontinues Medical Device Program

Verily ends device program, pivots to AI.

Read more about Verily Discontinues Medical Device Program →
Builder.ai files for bankruptcy

Builder.ai files for bankruptcy

AI app builder collapses amid financial mismanagement allegations.

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Amazon Closes Shanghai AI Lab

Amazon Closes Shanghai AI Lab

Amazon shuts down its Shanghai-based AI research lab.

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Builder.ai faces legal, financial scrutiny

Builder.ai faces legal, financial scrutiny

US prosecutors sought Builder.ai data before its collapse amid overstated sales.

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Builder AI Closes Amid AI-washing

Builder AI Closes Amid AI-washing

Builder AI's collapse highlights the risks of 'AI-washing' and investor demand for genuine innovation.

Read more about Builder AI Closes Amid AI-washing →