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Google Invests In AI Agency With Ties To Controversial FTX Co-Founder Sam Bankman-Fried

Cryptto Moments by Cryptto Moments
February 6, 2023
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Google Invests In AI Agency With Ties To Controversial FTX Co-Founder Sam Bankman-Fried
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Anthropic, a rising synthetic intelligence (AI) startup, has reached new heights with its latest partnership with Google Cloud. Anthropic has ties to Sam Bankman-Fried, the controversial co-founder of FTX, which additionally acquired over $500 million in funds.

Google Boosts AI Agency Anthropic

After the launch of Chatgpt and Microsoft’s funding in Openai, the substitute intelligence (AI) competitors is heating up. One other startup firm, Anthropic, has entered the substitute intelligence market, additional increasing the checklist of lineups.

In keeping with reviews, Google Cloud invested $300 million in Anthropic. This adopted the startup receiving greater than $500 million in funding from Sam Bankman-Fried, a former CEO of FTX, roughly half a 12 months previous to the demise of FTX.

On February 4th, the Monetary Occasions reported the $300 million funding by Google Cloud into Anthropic. The identical day, Anthropic confirmed its partnership with Google Cloud however declined to reveal any particular particulars relating to the quantity invested.

In keeping with Anthropic CEO, Dario Amodei, the corporate is partnering with Google Cloud to help of their plans to broaden the attain of their AI methods to a wider viewers. Anthropic has made it their mission to create and implement Claude, an AI assistant, that’s constructed on the corporate’s analysis into growing safe and manageable AI. To attain this aim, Anthropic has devised strategies akin to Constitutional AI to create AI applied sciences which are extra reliable and understandable.

Anthropic Ties To FTX Co-Founder Sam Bankman-Fried

Anthropic acquired funding from Sam Bankman-Fried, a former co-founder of FTX, in April 2022. Alameda Analysis, owned by Bankman-Fried, is the most important investor within the AI startup, having invested $500 million.

A creditor of FTX estimates that Bankman-Fried’s funding within the AI firm may attain as a lot as $1.1 billion. There’s hypothesis amongst different members of the cryptocurrency social media neighborhood relating to whether or not Bankman-Fried’s possession shall be utilized to settle the substantial quantity of debt that FTX has amassed on account of latest controversies. The chapter property of FTX has recognized Anthropic as a possible asset for aiding collectors of their restoration efforts.
In the meantime, John Ray, the present CEO of FTX, believes that it could be doable to revive the trade. He has acknowledged that they’re actively engaged on restarting the cryptocurrency trade, FTX.com. In keeping with Ray, stakeholders imagine that the trade has the potential to run a possible enterprise and that there’s the potential of a contemporary begin for the platform.





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