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Google's $2 Billion Investment in Anthropic Sparks Optimism for FTX Creditors
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Google's $2 Billion Investment in Anthropic Sparks Optimism for FTX Creditors

Oct 29, 2023

In 2023, the advancements in artificial intelligence (AI) are undeniable, with immense capital being funneled into enterprises like Anthropic and Openai. These two giants have rolled out generative AI chatbots dubbed "Claude" and "Chatgpt."

By September's end, Bitcoin.com News unveiled Amazon's commitment of $4 billion to back Anthropic. This came after Google had already channeled $300 million into the AI venture. Notably, before these tech behemoths stepped in, former FTX CEO, Sam Bankman-Fried, alongside a few of his top-tier executives, pumped $500 million into Anthropic.

Come October 4, the "FTX 2.0 Coalition," a group of FTX creditors, highlighted the possibility that SBF's investment in Anthropic could fully compensate their clientele. This discourse emerged post Amazon's $4 billion fund injection into Anthropic.

Fast forward to October 27, there was a glimmer of hope for the creditors when news broke that Google was earmarking $2 billion for Anthropic. The definitive post-investment valuation remains under wraps, but initial guesses pitched it between $20 billion to $30 billion.

The FTX 2.0 Coalition shared the Wall Street Journal’s (WSJ) online update about Google's latest financial move, citing WSJ as the primary informant. Concurrently, the FTX administration decided to delay the offloading of their stake in Anthropic, sparking legal disputes.

U.S. legal authorities, having accused SBF of deceptive practices, maintained that the Anthropic funding, regardless of its potential benefits for clients, shouldn't overshadow the allegations against SBF. In the trial's nascent phase, they aimed to sideline the Anthropic funding details.

Additionally, the webpage announcing SBF's spearheading of the Series B fundraising, which included contributors like Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR), now shows a '404 not found' error. Yet, the webpage snapshot from April 29, 2022, remains retrievable via archive.org’s Wayback Machine.

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