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Google has invested about 300 million dollars in man-made artificial intelligence start-up, of which the largest investor is alameda research, the disgraced crypto hedge fund 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 exchange for money, Google obtained a 10 per cent stake in the business. Separately, Anthropic announced this week that Google Cloud is its “preferred cloud provider,” with the companies “co-develop AI computing systems.”
Before Anthropic invested in Google, it had raised over 700 million dollars. The search for bankman-fried alameda is the biggest investor in the ai start-up, which invested 500 million dollars before going broke last year. The bankruptcy of ftx has been reported as a human-made asset that can help creditors recover.
Trained in 2021, Anthropic develops Claude, an AI chatbot for general use. Claude is a potential rival of openai chatgpt, which has been making waves worldwide online over the last two months. Claude's not out yet.
Openai and anthropogenic seek to do generative ai developments, sophisticated computer programs that can write scripts and create art within seconds.
Anthropic says it is focused on the security of AI, calling itself "a security and research enterprise of AI." He's at his site, We show that linguistic patterns can learn to follow a simple set, principles of natural language through improving oneself, and we're using this new methodology to train a less dangerous helper."
In the meantime, Google's investment has been through its cloud business. The FT report noted that the tech giant may plan to bring Anthropic’s data-intensive computing work to its data centers as part of an effort to catch up with the lead Microsoft has taken in the fast-growing AI market thanks to its work with OpenAI.
Alameda research was a cryptocurrency trading company that SBF co-founded in September 2017. The company has reportedly made a total of 222 investments in the five years of its existence.
FTX and its group of crypto companies filed for Chapter 11 bankruptcy in early November. Sam Bankman-Fried, the disgraced founder of FTX, was later arrested in The Bahamas after US prosecutors formally filed criminal charges against him. He was eventually extradited to the US where he was released from jail after posting a $250m bond in a New York court.
In particular, there has been a mix between the two companies. Alameda was able to quietly use the funds of ftx customers using a backdoor that enabled the loan to fly under the radar of investors, employees and listeners.
