Microsoft-Backed Builder.ai Set for Bankruptcy After Cash Seized

(Bloomberg) — Builder.ai, the British artificial intelligence startup backed by Microsoft Corp. and the Qatar Investment Authority, is filing for bankruptcy after the chief executive officer said a major creditor had seized most of its cash.Most Read from BloombergAmerica, ‘Nation of Porches’Can Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?NJ Transit Train Engineers Strike, Disrupting Travel to NYCNJ Transit Makes Deal With Engineers, Ending Three-Day StrikeViola Credit, whic