The collapse of Babylon Health in 2023 has prompted increased scrutiny of AI claims in the construction technology sector. Steve Davis, former CTO of Babylon, now spearheads AI initiatives at Procore Technologies, leading to questions about the application of AI in new industries. Babylon, which went public in 2021 with a $4.2 billion valuation, ceased its U.S. operations after a $221 million net loss in 2022. Critics had previously questioned the clinical validity of Babylon's AI diagnostic tools, with accusations of overstated capabilities. Analysts now emphasize the importance of independent validation and transparency in AI claims across various sectors.