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Google invests $300M in AI company formerly funded by Sam Bankman-Fried

People on Crypto Twitter are wondering if Bankman-Fried and FTX will use the $530 million that is said to have been invested in Anthropic to pay off FTX’s debts. Here’s some more AI-industry-related metaverse news.

An artificial intelligence (AI) startup company named Anthropic is said to have gotten $300 million from Google Cloud. This is the same company that got over $500 million from former FTX CEO Sam Bankman-Fried about six months before FTX collapsed.

The Financial Times reported on February 4 that the $300 million figure, but Anthropic confirmed the investment collaboration with Google Cloud on the same day, without giving any figures:

Anthropic revealed in the same release that its Series B investment round included contributions from Bankman-Fried and former Alameda Research CEO Caroline Ellison, among others.

The Series B round was led by Sam Bankman-Fried, CEO of FTX. The round also included participation from Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR).”

According to Crunchbase, Bankman-Fried lead April 2022 fundraising. The New York Times stated that Bankman-Fried and his former partners contributed $530 million of the $580 million raised. Some think the figure is significantly higher.

Other members of the Crypto Twitter community are also speculating as to whether Bankman Fried’s investment will be utilized to pay off the enormous debt that FTX has amassed as a result of their previous controversies.

As a result of the cooperation, Anthropic will use Google Cloud’s GPU and TPU clusters to train, expand, and implement its artificial intelligence chatbox, “Claude” — similar to OpenAI’s ChatGTP.

According to the Financial Times, Google Cloud has acquired a 10% investment in Anthropic.

It’s still not clear where most of the debt in the FTX bankruptcy case will come from, but on January 3, Bankman-Fried pleaded not guilty to all eight fraud and conspiracy charges that were brought against him.

Bankman-Fried is currently under house arrest at his parents’ home in California. His trial date is set for October 2, 2023.

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About Tina

Google invests $300M in AI company formerly funded by Sam Bankman-FriedTina concentrates on all matters related to NFT and Web3. Tina uses social media to spot NFT trends and report unique news.

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