The U.S. Department of Justice (DOJ) is seeking to prevent Sam Bankman-Fried, the founder of FTX, from introducing evidence about the current value of certain investments, including Anthropic, an AI-focused startup. The prosecutors argue that this evidence is irrelevant and could prejudice the jury. They also highlight the speculative nature of venture capital investments, pointing out that FTX’s shares are currently worth nothing despite securing high valuations in the past. Anthropic, which received a $500 million investment from SBF last year, is seeking $2 billion in funding, potentially driving its valuation to $30 billion. The FTX 2.0 Coalition suggests that this investment could help compensate FTX’s users, with the company’s stake in Anthropic potentially reaching $4.5 billion.
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Information |
Details |
Geography |
North America |
Countries |
|
Sentiment |
neutral |
Relevance Score |
6 |
People |
Sam Bankman-Fried |
Companies |
U.S. Department of Justice (DOJ), SBF, FTX, OpenAI, Anthropic |
Currencies |
None |
Securities |
None |