Google invests $300 million in AI company that Sam Bankman-Fried invested in

Google Cloud is investing $300 million in Anthropic, an artificial intelligence company that Sam Bankman-Fried of FTX also bought shares for $530 million. Bankman-Fried invested this gigantic capital about six months before FTX imploded.

$530 million from Sam Bankman-Fried

The Financial Times reported on February 4 of Google Cloud’s $300 million investment in Anthropic. On the same day the company announced the investmentwithout specifying exact numbers. “We are excited about the opportunity to use Google Cloud to train our AI systems, including Claude,” Anthropic said on Twitter.

In the same announcement, Anthropic confirms that it raised a massive amount of money from Sam Bankman-Fried and its partners in a previous round of funding. Caroline Elison, the CEO of Alameda Research, among others, was part of the so-called Series B capital round of the company.

“The Series B round was led by Sam Bankman-Fried, the former CEO of FTX. Caroline Elison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR) also participated in the same round,” the Anthropic statement read. Of the $580 million raised at the time, according to The New York Times approximately $530 million from Bankman-Fried and its partners.

Much more?

Incidentally, there are those who claim that Bankman-Fried’s investment in Anthropic is much higher than the 530 million reported by The New York Times. There are also estimates that Bankman-Fried’s stake in the company is as high as $1.1 billion. It is an allegation from an FTX creditor, who does not go into further detail about his claim.

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Other members of the crypto community are now speculating about the possibility of using Bankman-Fried’s stake in Anthropic to pay back FTX’s creditors. Google Cloud received a 10 percent stake in Anthropic for the $300 million investment, so Bankman-Fried’s share will be much higher.

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