As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including Sam Bankman-Fried (SBF), co-founder of FTX; Caroline Ellison, former CEO of Alameda; Nishad Singh, former director of engineering at FTX; and several others.
Following the launch of Chatgpt and Microsoft’s investment in Openai, the artificial intelligence (AI) competition has intensified. Anthropic, an AI safety and research company, has raised $300 million from Google. According to The Financial Times (FT), three sources familiar with the deal reported that Google will receive a 10% stake in Anthropic. The sources stated that the capital will be used to fund computing resources, according to the FT report.
Anthropic also provided information about the subject on the company’s website. The AI firm’s announcement page states that it has chosen Google Cloud as its preferred cloud provider. “The partnership is designed for the companies to collaborate in developing AI computing systems,” the announcement says. “Anthropic will utilize Google Cloud’s advanced GPU and TPU clusters to train, expand, and implement its AI systems.” Like Chatgpt, Anthropic is an AI firm that is developing an AI assistant called “Claude,” which aims to utilize steerable AI techniques and safety enhancements.
The same announcement page, below the Google announcement, reveals that the firm raised capital from Sam Bankman-Fried, the former co-founder of FTX. “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),” the Anthropic announcement made in April 2022 explains.
Reports suggest that of the $580 million raised, Bankman-Fried and his associates contributed at least $500 million to Anthropic. The crypto community has been discussing Bankman-Fried’s investment in the AI firm. A Twitter account called Autism Capital tweeted: “Google has just invested $300M in Sam Bankman-Fried backed by stolen user money Anthropic AI.” The account also stated, “Sam, FTX, and notable Effective Altruism figures such as Jaan Tallinn led the Anthropic Series B for $580M.”
FTX creditor Sunil K estimates that Bankman-Fried’s stake could be worth “$700 million to $1.1 billion.” An individual asked Sunil K what he believed might happen with the stake and he replied, “Will have to sell the stake and clawback the money.” A Twitter user asked a similar question to Autism Capital, “Serious question: Is there a chance the Bankman-Fried money gets clawed back from Anthropic?” Moreover, it’s also been reported that some of Anthropic’s researchers previously worked for Openai.
Last month, the news start-up Semafor, a firm that was criticized by Elon Musk for being backed by the disgraced FTX co-founder, SBF, said it would buyback SBF’s stake in the company. “We are planning to repurchase Sam Bankman-Fried’s interest in Semafor and to place the money into a separate account until the relevant legal authorities provide guidance as to where the money should be returned,” Semafor’s co-founder and chief executive Justin Smith told the New York Times.
What are your thoughts on the recent investment by Google into the Sam Bankman-Fried-backed Anthropic AI? Let us know your thoughts about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including Sam Bankman-Fried (SBF), co-founder of FTX; Caroline Ellison, former CEO of Alameda; Nishad Singh, former director of engineering at FTX; and several others.
Following the launch of Chatgpt and Microsoft’s investment in Openai, the artificial intelligence (AI) competition has intensified. Anthropic, an AI safety and research company, has raised $300 million from Google. According to The Financial Times (FT), three sources familiar with the deal reported that Google will receive a 10% stake in Anthropic. The sources stated that the capital will be used to fund computing resources, according to the FT report.
Anthropic also provided information about the subject on the company’s website. The AI firm’s announcement page states that it has chosen Google Cloud as its preferred cloud provider. “The partnership is designed for the companies to collaborate in developing AI computing systems,” the announcement says. “Anthropic will utilize Google Cloud’s advanced GPU and TPU clusters to train, expand, and implement its AI systems.” Like Chatgpt, Anthropic is an AI firm that is developing an AI assistant called “Claude,” which aims to utilize steerable AI techniques and safety enhancements.
The same announcement page, below the Google announcement, reveals that the firm raised capital from Sam Bankman-Fried, the former co-founder of FTX. “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),” the Anthropic announcement made in April 2022 explains.
Reports suggest that of the $580 million raised, Bankman-Fried and his associates contributed at least $500 million to Anthropic. The crypto community has been discussing Bankman-Fried’s investment in the AI firm. A Twitter account called Autism Capital tweeted: “Google has just invested $300M in Sam Bankman-Fried backed by stolen user money Anthropic AI.” The account also stated, “Sam, FTX, and notable Effective Altruism figures such as Jaan Tallinn led the Anthropic Series B for $580M.”
FTX creditor Sunil K estimates that Bankman-Fried’s stake could be worth “$700 million to $1.1 billion.” An individual asked Sunil K what he believed might happen with the stake and he replied, “Will have to sell the stake and clawback the money.” A Twitter user asked a similar question to Autism Capital, “Serious question: Is there a chance the Bankman-Fried money gets clawed back from Anthropic?” Moreover, it’s also been reported that some of Anthropic’s researchers previously worked for Openai.
Last month, the news start-up Semafor, a firm that was criticized by Elon Musk for being backed by the disgraced FTX co-founder, SBF, said it would buyback SBF’s stake in the company. “We are planning to repurchase Sam Bankman-Fried’s interest in Semafor and to place the money into a separate account until the relevant legal authorities provide guidance as to where the money should be returned,” Semafor’s co-founder and chief executive Justin Smith told the New York Times.
What are your thoughts on the recent investment by Google into the Sam Bankman-Fried-backed Anthropic AI? Let us know your thoughts about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Shiba inu extended recent gains into the weekend, as the meme coin rose to its highest point in four months. Today’s surge saw prices climb by as much as 13%, and comes despite cryptocurrency markets mostly consolidating. Dogecoin also moved higher, breaking out of a recent ceiling in the process.
Shiba inu (SHIB) was one of the biggest movers in the market for a second consecutive session, with prices rising by as much as 13% higher today.
SHIB/USD rose to a high of$0.00001457 on Saturday, which was its strongest point since October 29.
The move comes following a low of $0.00001232 on Friday, and as bulls led a breakout of a price ceiling at $0.00001290.
Looking at the chart, the surge also led to a breakout of the relative strength index (RSI), which hit a 12-day high.
The index moved beyond a ceiling at 74.00 earlier in the day, and is currently tracking at a reading of 79.15.
This is close to a ceiling at 80.00, and has resulted in earlier bulls beginning to abandon previous positions.
Dogecoin (DOGE) also surged in Saturday’s session, with prices breaking out of a key resistance level.
Following a low of $0.09107 on Friday, DOGE/USD raced to an intraday peak of $0.09489 to start the weekend.
As a result of this move, the meme coin once again moved above a ceiling at $0.0935 earlier in the day.
However, as the session progressed, momentum has since dropped, and this comes as the RSI collided with a hurdle.
The index ran into resistance at the 63.00 mark, causing bulls to retreat, in fear of a price reversal.
As of writing, price strength is now at 61.92, with DOGE trading at $0.09383.
Register your email here to get weekly price analysis updates sent to your inbox:
Could meme coins continue to move higher in today’s session? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Shiba inu extended recent gains into the weekend, as the meme coin rose to its highest point in four months. Today’s surge saw prices climb by as much as 13%, and comes despite cryptocurrency markets mostly consolidating. Dogecoin also moved higher, breaking out of a recent ceiling in the process.
Shiba inu (SHIB) was one of the biggest movers in the market for a second consecutive session, with prices rising by as much as 13% higher today.
SHIB/USD rose to a high of$0.00001457 on Saturday, which was its strongest point since October 29.
The move comes following a low of $0.00001232 on Friday, and as bulls led a breakout of a price ceiling at $0.00001290.
Looking at the chart, the surge also led to a breakout of the relative strength index (RSI), which hit a 12-day high.
The index moved beyond a ceiling at 74.00 earlier in the day, and is currently tracking at a reading of 79.15.
This is close to a ceiling at 80.00, and has resulted in earlier bulls beginning to abandon previous positions.
Dogecoin (DOGE) also surged in Saturday’s session, with prices breaking out of a key resistance level.
Following a low of $0.09107 on Friday, DOGE/USD raced to an intraday peak of $0.09489 to start the weekend.
As a result of this move, the meme coin once again moved above a ceiling at $0.0935 earlier in the day.
However, as the session progressed, momentum has since dropped, and this comes as the RSI collided with a hurdle.
The index ran into resistance at the 63.00 mark, causing bulls to retreat, in fear of a price reversal.
As of writing, price strength is now at 61.92, with DOGE trading at $0.09383.
Register your email here to get weekly price analysis updates sent to your inbox:
Could meme coins continue to move higher in today’s session? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
PRESS RELEASE. The last ten years or so have done a lot to amplify and empower meme culture on the internet, but the truth is that memes have existed in one form or another for much, much longer. An in-depth history of memes is a topic for another time, but if there is one thing to know about memes it would be to understand their immeasurable impact on modern culture.
Memes are a perfect way to spread an idea, establish a concept, and make people think about it. The reason why they are so successful is that they rely on symbols, images, and a single idea assembled into a simple presentation. Memes are simple yet transfer complex thoughts and ideas, which is how they have become one of the most popular ways to spread ideas and information.
For some time now, companies have recognized that memes quickly and simply spread information. They have since been using memes in their marketing campaigns with great success. In 2013, memes entered the crypto industry with the launch of Dogecoin (DOGE), which then led to an entirely new facet of the crypto space called memecoins.
Everything that has happened surrounding the history of memes has led to a single point, preparing the industry for the launch of what might be the ultimate meme project — Proof Of Memes (POM).
There have been plenty of projects in the memecoin sector of the crypto industry — Dogecoin being the first. This started the current popular memecoin trend. This opened the door for the creation of a blockchain focusing on this particular aspect of crypto. Memecoins began gaining popularity over the last few years, leading to majorly successful projects such as Shiba Inu (SHIB), Baby Doge Coin (BABYDOGE), Akita Inu (AKITA), and countless others.
Unfortunately this new trend created opportunity for dishonest individuals to take advantage of token buyers and traders in the space. A significant portion of tokens launched on existing blockchains have been built upon deceptive tactics or even outright fraud.
This high risk trading environment laid the groundwork for the creation of something new and innovative to address the issue head on. Proof Of Memes (POM) was designed to create safety for memecoin traders. Pomchain has been built from the ground up based around this purpose. Most memecoins post Dogecoin were launched on the Ethereum network. POM now aims to become a new hub for meme tokens, offering a number of features that have never been offered to projects on other blockchains.
Proof Of Memes is a Layer-1 blockchain ecosystem with a focus on memecoins. The blockchain itself is a pre-EIP 1559 fork of Ethereum. This is a Proof of Work validation system, which Ethereum used before switching to Proof of Stake. Proof of Work enables users to mine for POM Coin on Pomchain. When Ethereum switched over to Proof of Stake, this took jobs from millions who had been mining the Ethereum coin.
Proof of Memes chose to use the Proof Of Work system to allow those idle miners from the ETH Proof of Work transition to begin mining on Pomchain. This decision to use Proof of Work means the team does not have to worry about computing capacity to secure the blockchain. Additionally, making use of Ethereum’s technology also makes POM EVM compatible and highly familiar to existing ETH network developers.
What does POM have to offer?
POM has already started to build and create a rich and powerful ecosystem for memecoins and beyond. POM has launched its own block explorer titled Memescan, and the POM team previously entered into a partnership with Empire Capital to build its chain’s native decentralized exchange, called PomSwap.
Shortly, Pomchain will be launching several project launch avenues supported by the POM team, the most vetted of those being PomPad. This launchpad will be for projects officially supported by the POM team, with proven utility. The project’s team will have to KYC and provide a credible audit of their project’s smart contract. A simpler avenue for developers will be the SafeStealth option. Here POM will give developers several pre-audited contracts (provided by the POM team) to choose from. This gives investors peace of mind and represents a safe place for raising capital and launching new tokens. Pomchain has already had several successful supported launches which are endorsed by both the team and community leaders to meet a minimum standard of quality and safety for traders.
Proof of Memes is set to be transformed into the ultimate memecoin ecosystem and a one-stop-shop for all meme-based crypto projects. Pomchain began with the memecoin market, but will and has already expanded beyond the scope of memecoins in the future. This will include dApps, NFTs, blockchain gaming, and more. This is a common and successful strategy in business. By starting with a niche market, then expanding into other areas, Pomchain has set the stage to compete with Ethereum and Binance Smart Chain in the near future.
Proof of Memes previously launched two limited edition NFT collections to raise funds for the development of the blockchain, while offering groundbreaking benefits to the NFT holders. Released first was the LaunchPack NFTs combined with 10 unique premium NFTs titled LaunchBox. This collection totals 500 utility-based NFTs. Owners of this collection are eligible to receive a 20% to 30% discount on all PomPad launches. The second of those limited edition collections is the BridgeKeeper NFTs. This collection enables holders to earn a percentage of fees collected by the upcoming MemeConnect cross-chain bridge. This will allow users to bridge to and from BSC or ETH.
LaunchBox and LaunchPack holders are considered VIPs of the project, and will receive VIP invitations for future exclusive in-person events planned for 2023 and beyond, including a planned annual memecoin conference. These NFT collections were in high demand at launch, and sold out quickly. In total, POM managed to raise over 400 ETH which is being used for development and marketing.
The platform has two official tokens launched thus far — the governance token, POMG, and the official dog meme token, Pomeranian (POMD). POM originally debuted with the ETH2.0 token, which served as a presale token for POM. ETH2.0 was exchangeable for both POM and POMG, an attractive 2-for-1 deal for early adopters.
POM — The future of memecoins
In a matter of a few months, this project has built and released the PomSwap DEX, safe trading tools and utilities, a governance token, its own NFT collections, and many other benefits and features. This has been done with 100% uptime with a strong network infrastructure, coupled with a strong community of traders and developers.
Proof of Memes has recognized 2023 as a fresh start for the cryptocurrency industry — one where most projects will seek to recover from the devastating effects of the “crypto winter” of 2022. The team behind Proof Of Memes will seize the opportunity and give something unique to both new and returning investors. Pomchain will further cement the presence of memecoins, and allow this sub-sector of the crypto industry to thrive in 2023 and for years to come.
The project’s long-term vision is to right the wrongs of the crypto space, and address issues related to scams and dishonest actors. The ultimate goal is for POM to become the number one home for memecoins and beyond, as communicated in POM’s catchphrase, We Meme Business.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
Source From : News