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Builder.ai Partners with Qatar Investment Authority to Empower Local Entrepreneurs

2024-06-25 19:29:41.226000

Builder.ai, an AI-powered composable software platform, has appointed Craig Saunders as Vice President of Artificial Intelligence. Saunders joins Builder.ai from Amazon, where he spent seven years in the Artificial General Intelligence (AGI) organization, leading research and engineering teams focused on technologies for Alexa. In his new role at Builder.ai, Saunders will lead the AI teams and work on scaling and expanding the company's existing AI capabilities.

Pax8, the leading cloud commerce marketplace, has named Eric Stevens as Chief AI Officer. Stevens will be responsible for implementing AI technologies, infrastructure, and practices. His team will spearhead innovation and transformation of the marketplace, delivering more value, efficiency, and intelligence to partners, vendors, and customers. Stevens' promotion reflects Pax8's strategic investment in AI capabilities.

Builder.ai, a global software development company, is partnering with Qatar Investment Authority (QIA) to support local entrepreneurs and revolutionize Qatar's startup ecosystem. Sachin Dev Duggal, CEO and co-founder of Builder.ai, stated that the company aims to empower local entrepreneurs and lower engineering risks and costs, making it easier for them to develop products. Builder.ai utilizes the 'Robin Hood model' by charging enterprises more and using the excess to drive down prices for startups. Their unique business model, called 'composable software', levels the playing field for entrepreneurs and makes advanced technology more accessible. Builder.ai also aims to reduce engineering and product risk for startups by 20x. The company plans to forge more partnerships and collaborations with Qatar's academic institutions to attract talent back to Doha. Duggal emphasized the importance of global collaboration and perseverance for aspiring entrepreneurs in Qatar.

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