机会与骗局共存：历史上最大 杀猪盘故事放博文末------------------
Determining the exact percentage of global venture capital (VC) funding allocated to AI in 2025 is challenging due to varying methodologies, data lags, and the influence of large individual deals. However, available data from early 2025 provides some insights:
- **Q1 2025 Data**: According to PitchBook, AI and machine learning startups captured 57.9% of global VC dollars in the first quarter of 2025, totaling $73 billion out of $126.3 billion in global VC investment. This figure was heavily influenced by a single $40 billion funding round for OpenAI, which alone accounted for a significant portion of the total.[](https://www.ainvest.com/news/ai-startups-capture-57-9-global-venture-capital-q1-2025-2504/)[](https://www.techmonitor.ai/digital-economy/ai-and-automation/ai-companies-52bn-global-vc-funding-q1-2025)
- **Concentration and Variability**: The high percentage in Q1 was driven by mega-deals, with AI-focused companies like OpenAI, Anthropic ($3.5 billion), Infinite Reality ($3 billion), and Groq ($1.5 billion) dominating the top transactions. KPMG notes that AI companies raised at least $52 billion in Q1, representing 41% of the $126.3 billion total, though PitchBook's estimate is higher at 57.9%.[](https://www.techmonitor.ai/digital-economy/ai-and-automation/ai-companies-52bn-global-vc-funding-q1-2025)[](https://www.ainvest.com/news/ai-startups-capture-57-9-global-venture-capital-q1-2025-2504/)
- **Later Trends**: A post on X from May 2025 suggests that AI's share of global VC funding cooled to approximately 30% in April 2025, per Crunchbase data, still a significant portion compared to other tech trends like crypto or SaaS at their peaks.
- **Annual Projection**: Full-year 2025 data is not yet complete as of June 2, 2025. However, the strong Q1 performance, bolstered by large AI deals, suggests AI could maintain a substantial share, though the exact percentage for the entire year remains uncertain due to fluctuating monthly investments and deal sizes.
**Caveats**: These figures are skewed by outlier mega-rounds, and the share of AI funding can vary month to month. Data lags, especially for smaller or early-stage deals, may also adjust these numbers over time. No single source provides a definitive full-year percentage as of now.
**Estimate**: Based on available data, AI likely accounted for between 30% and 58% of global VC funding in early 2025, with Q1 peaking at 57.9% per PitchBook. A precise annual figure would require more comprehensive data, which is not yet available. For the latest insights, consider checking reports from PitchBook, KPMG, or Crunchbase as 2025 progresses.[](https://www.ainvest.com/news/ai-startups-capture-57-9-global-venture-capital-q1-2025-2504/)[](https://www.techmonitor.ai/digital-economy/ai-and-automation/ai-companies-52bn-global-vc-funding-q1-2025)
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Builder.AI： 堪称历史最大杀猪盘故事
https://www.wenxuecity.com/news/2025/06/01/126188018.html?
Builder.ai, founded in 2016 by Sachin Dev Duggal and Saurabh Dhoot under the name Engineer.ai, aimed to revolutionize software development by making it "as easy as ordering a pizza." The London-based startup promised an AI-powered platform to help non-coders, from small businesses to entrepreneurs, build custom apps quickly and affordably. Its flagship product, Builder Studio, combined modular code libraries with a digital assistant named Natasha, marketed as an AI-driven solution to streamline app development. The company gained significant attention, raising over $500 million from high-profile investors like Microsoft, Qatar Investment Authority, SoftBank, and others, reaching a valuation of $1.3–$1.5 billion, earning it "unicorn" status. It was celebrated as a leader in the no-code/low-code space, winning awards like "Hottest AI Startup" at The Europas and a spot on Fast Company’s Most Innovative Companies list.[](https://www.builder.ai/about-us)[](https://www.financialexpress.com/business/start-ups/why-did-microsoft-backed-1-3bn-builderai-collapse-accused-of-using-indian-codersforaiwork/3854944/)[](https://techstartups.com/2025/05/24/builder-ai-a-microsoft-backed-ai-startup-once-valued-at-1-2-billion-files-for-bankruptcy-is-ai-becoming-another-com-bubble/)
However, cracks in the narrative emerged early. In 2019, The Wall Street Journal exposed that Builder.ai’s platform relied heavily on human developers, primarily in India and Ukraine, rather than the advanced AI it touted. This "AI washing" sparked skepticism, as the company’s marketing overstated its automation capabilities. Despite this, Builder.ai continued to grow, securing a $250 million Series D in 2023 and expanding globally, including partnerships like the one with Microsoft’s cloud services.[](https://www.financialexpress.com/business/start-ups/why-did-microsoft-backed-1-3bn-builderai-collapse-accused-of-using-indian-codersforaiwork/3854944/)[](https://techcrunch.com/2025/05/20/once-worth-over-1b-microsoft-backed-builder-ai-is-running-out-of-money/)[](https://techstartups.com/2025/05/24/builder-ai-a-microsoft-backed-ai-startup-once-valued-at-1-2-billion-files-for-bankruptcy-is-ai-becoming-another-com-bubble/)
Financial troubles loomed large by 2024. Builder.ai’s aggressive expansion, high burn rate (reportedly $40 million per quarter at its peak), and reliance on inflated revenue projections led to a crisis. The company projected $220 million in 2024 sales to creditors, but actual revenue was closer to $50–$55 million, a 300% exaggeration. It also owed significant debts, including $85 million to Amazon and $30 million to Microsoft. In October 2024, Builder.ai secured a $50 million credit line from Viola Credit, but overstated financials breached loan covenants. Viola seized $37 million from the company’s accounts, leaving just $5 million, triggering a default.[](https://beam.ai/agentic-insights/builder-ai-from-unicorn-to-insolvency-history-collapse-and-the-low-code-landscape)[](https://techstartups.com/2025/05/24/builder-ai-a-microsoft-backed-ai-startup-once-valued-at-1-2-billion-files-for-bankruptcy-is-ai-becoming-another-com-bubble/)[](https://www.icoderzsolutions.com/blog/lessons-from-builder-ai-collapse/)
In early 2025, Sachin Dev Duggal was replaced as CEO by Manpreet Ratia, who took over to address the financial mess. Ratia commissioned an internal investigation that uncovered "potentially bogus" sales, including a "round-tripping" scheme with Indian firm VerSe Innovation, where the companies allegedly exchanged invoices to inflate revenue without delivering services. This led to a US probe by the Southern District of New York, demanding financial records. By May 2025, with cash reserves depleted and unable to meet payroll, Builder.ai filed for bankruptcy, entering insolvency proceedings. The collapse affected 770 employees and operations across five countries, leaving customers scrambling to migrate apps.[](https://www.bloomberg.com/news/articles/2025-05-30/builder-ai-faked-business-with-indian-firm-verse-to-inflate-sales-sources-say)[](https://sifted.eu/articles/builder-us-probe)[](https://economictimes.indiatimes.com/tech/startups/builder-ai-verse-fake-sales-all-you-need-to-know-about-the-round-tripping-scandal/articleshow/121531656.cms?from=mdr)
The fallout highlighted broader issues in the AI startup ecosystem. Builder.ai’s failure was attributed to financial mismanagement, overhyping AI capabilities, and a business model that prioritized scale over sustainability. Critics pointed to "FOMO investing," where investors, caught up in AI hype, overlooked weak fundamentals. Posts on X reflected shock at the collapse, with some calling it a cautionary tale of AI washing and unsustainable growth. The debacle raised questions about the no-code/low-code market’s reliability, though analysts note the sector remains robust, projected to reach $26 billion by 2025.[](https://www.financialexpress.com/business/start-ups/why-did-microsoft-backed-1-3bn-builderai-collapse-accused-of-using-indian-codersforaiwork/3854944/)[](https://thenextweb.com/news/builder-ai-collapse-exposes-fomo-investing)
Builder.ai’s story is a stark reminder that flashy branding and investor enthusiasm can’t substitute for sound business practices. While it aimed to democratize software development, its reliance on human labor, inflated metrics, and financial overreach led to a spectacular fall from grace.[](https://www.icoderzsolutions.com/blog/lessons-from-builder-ai-collapse/)
