Google Invests in AI Company Anthropic Despite Ties to FTX Co-Founder Sam Bankman-Fried
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Google has invested approximately $300 million in artificial intelligence start-up Anthropic, whose biggest investor is Alameda Research, the crypto hedge fund of disgraced crypto boss Sam Bankman-Fried.
According to a Friday report from the Financial Times, Google invested around $300 million in Anthropic in late 2022 despite its ties to Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX.
In return for the money, Google got a 10 percent stake in the company. Separately, Anthropic announced this week that Google Cloud is its “preferred cloud provider,” with the companies “co-develop AI computing systems.”
Prior to Google’s investment, Anthropic had already raised more than $700 million. Bankman-Fried’s Alameda Research is the biggest investor in the AI start-up, which put in $500 million before filing for bankruptcy last year. FTX’s bankruptcy estate has flagged Anthropic as an asset that may help creditors with recoveries.
Formed in 2021, Anthropic is developing Claude, a general-purpose artificial intelligence chatbot. Claude is a potential rival to OpenAI’s ChatGPT, which has made waves across the online world over the past couple of months. Claude has not yet been released publicly.
Both OpenAI and Anthropic are seeking to make developments in generative AI, sophisticated computer programs that can write scripts and create art in seconds.
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