Google Backs AI Firm Anthropic With 0 Million, Following Series B Investment From Controversial FTX Co-Founder

Google Backs AI Agency Anthropic With $300 Million, Following Collection B Funding From Controversial FTX Co-Founder

February 4, 2023 Off By lordanime37
Google Backs AI Firm Anthropic With 0 Million, Following Series B Investment From Controversial FTX Co-Founder

As the unreal intelligence (AI) wars intensify, the AI agency Anthropic has raised $300 million from Google and sources say that the tech big will get roughly a ten% stake within the AI firm. Apparently, in April 2022, Anthropic raised roughly $500 million from sources together with Sam Bankman-Fried (SBF), co-founder of FTX; Caroline Ellison, former CEO of Alameda; Nishad Singh, former director of engineering at FTX; and a number of other others.

AI Firm Backed by Sam Bankman-Fried Raises $300 Million in Capital From Google

Following the launch of Chatgpt and Microsoft’s funding in Openai, the artificial intelligence (AI) competitors has intensified. Anthropic, an AI security and analysis firm, has raised $300 million from Google. Based on The Monetary Instances (FT), three sources accustomed to the deal reported that Google will obtain a ten% stake in Anthropic. The sources acknowledged that the capital shall be used to fund computing sources, in response to the FT report.

Anthropic additionally provided information in regards to the topic on the corporate’s web site. The AI agency’s announcement web page states that it has chosen Google Cloud as its most well-liked cloud supplier. “The partnership is designed for the businesses to collaborate in growing AI computing methods,” the announcement says. “Anthropic will make the most of Google Cloud’s superior GPU and TPU clusters to coach, develop, and implement its AI methods.” Like Chatgpt, Anthropic is an AI agency that’s growing an AI assistant known as “Claude,” which goals to make the most of steerable AI methods and security enhancements.

The identical announcement web page, beneath the Google announcement, reveals that the agency raised capital from Sam Bankman-Fried, the previous co-founder of FTX. “The Collection B spherical was led by Sam Bankman-Fried, CEO of FTX. The spherical additionally included participation from Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Middle for Rising Threat Analysis (CERR),” the Anthropic announcement made in April 2022 explains.

Reports recommend that of the $580 million raised, Bankman-Fried and his associates contributed at the least $500 million to Anthropic. The crypto group has been discussing Bankman-Fried’s funding within the AI agency. A Twitter account known as Autism Capital tweeted: “Google has simply invested $300M in Sam Bankman-Fried backed by stolen consumer cash Anthropic AI.” The account additionally acknowledged, “Sam, FTX, and notable Efficient Altruism figures reminiscent of Jaan Tallinn led the Anthropic Collection B for $580M.”

FTX creditor Sunil Okay estimates that Bankman-Fried’s stake might be price “$700 million to $1.1 billion.” A person requested Sunil Okay what he believed would possibly occur with the stake and he replied, “Must promote the stake and clawback the cash.” A Twitter consumer asked an analogous query to Autism Capital, “Critical query: Is there an opportunity the Bankman-Fried cash will get clawed again from Anthropic?” Furthermore, it’s additionally been reported that a few of Anthropic’s researchers beforehand labored for Openai.

Final month, the information start-up Semafor, a agency that was criticized by Elon Musk for being backed by the disgraced FTX co-founder, SBF, stated it might buyback SBF’s stake within the firm. “We’re planning to repurchase Sam Bankman-Fried’s curiosity in Semafor and to put the cash right into a separate account till the related authorized authorities present steerage as to the place the cash must be returned,” Semafor’s co-founder and chief government Justin Smith told the New York Instances.

What are your ideas on the latest funding by Google into the Sam Bankman-Fried-backed Anthropic AI? Tell us your ideas about this topic within the feedback part beneath.