Members of Crypto Twitter are Speculating Whether Bankman-Fried and FTX will source the Revealed $530 million Invested in Anthropic to pay off FTX Creditors.
Google Cloud has reportedly invested $300 million into artificial intelligence (simulated intelligence) startup firm Anthropic, which also happened to receive more than $500 million in funds from Sam Bankman-Fried was the CEO of FTX.
While the $300 million figure was accounted for by Financial Times on Feb. 4, Anthropic confirmed the investment partnership with Google Cloud on the same day despite not uncovering any figures:
In the same Declaration, Anthropic also confirmed that they recently raised capital from Bankman-Fried and former Alameda Research CEO Caroline Ellison, among others, in its Series B fundraising round:
“FTX CEO Sam Bankman-Fried led the Series B round.Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Middle for Emerging Risk Research (CERR) were among the participants in the round.”
The Fundraising Efforts drove by Bankman-Fried took place in April, 2022, According to Crunchbase.
A recent post by The New York Times revealed that of the $580 million raised, about $530 million came from Bankman-Fried and his former Colleagues.
Yet, some trust the figure to be much higher too.One FTX creditor believes Bankman-Fried’s stake in the simulated intelligence company could be as high as $1.1 billion.The figure wasn’t explained by the creditor.
Different members of the Crypto Twitter community are also speculating whether Bankman-Fried’s stake will be used to pay off the massive heap of debt that FTX has accumulated from their recent controversies.
As for the partnership, Anthropic will now use Google Cloud’s GPU and TPU groups to prepare, grow, and implement its computer based intelligence Chatbox, called “Claude” — similar to that of OpenAI’s Chat GTP.
Google Cloud received about a 10% stake in Anthropic, according to Financial Times.
While it remains to be seen where the main part of the debt in the FTX bankruptcy case will be sourced from, Bankman-Fried personally argued not guiltty to every one of the eight fraud and conspiracy-based charges laid against him on Jan. 3.
Bankman-Fried currently remains detained at home at his parent’s California home until his trial date, which is set for Oct. 2, 2023.
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