closure news

Tech faces a reality check as firms like Tesla and Verily refocus on AI strategies, discontinuing projects like Dojo and medical devices. Builder.ai's bankruptcy exposes "AI-washing" risks, prompting scrutiny after inflated revenue claims. Amazon's Shanghai AI lab closure reflects broader geopolitical tensions, signalling caution in the AI sector.

Recent closure events

Tesla discontinues Dojo supercomputer project

Tesla discontinues Dojo supercomputer project

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

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Verily Discontinues Medical Device Program

Verily Discontinues Medical Device Program

Verily ends device program, pivots to AI.

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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.

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