global 703 crypto neutral
Google is reportedly considering investing up to $2 billion in artificial intelligence firm Anthropic, which could potentially increase its valuation to between $20 billion and $30 billion. FTX and Alameda Research invested a combined $500 million in Anthropic before FTX declared bankruptcy last year. If Anthropic’s valuation increases, FTX’s stake in the company could surge to as much as $4.5 billion, supplementing FTX’s recovered assets, currently valued at $7.3 billion in cash and crypto.Anthropic was launched in 2021 by former researchers from OpenAI after raising $124 million in initial funding. The company aims to develop artificial general intelligence (AGI) with rigorous safety practices.The FTX 2.0 Coalition, a group comprised of FTX creditors, said that if Anthropic’s valuation were to increase, it could help the exchange’s defunct users become whole. Matrixport noted that, with OpenAI’s ChatGPT rival worth approximately $30 billion, Anthropic’s valuation would push FTX’s stake to $2 billion. Matrixport added that this, alongside other possible recoveries, would be positive for FTX’s users.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries
Sentiment neutral
Relevance Score 8
People None
Companies Amazon, Google, Matrixport, OpenAI, K5, FTX, Alameda Research
Currencies None
Securities None

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