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.
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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.
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