DOJ Aims to Block Sam Bankman-Fried’s AI Fundraising in Court

sam bankman fried

FTX, a company, owns a part of Anthropic, which was worth $500 million last year.

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The founder of FTX, Sam Bankman-Fried, is facing charges from the U.S. Department of Justice (DOJ). Prosecutors want to stop him from talking about Anthropic’s recent fundraising efforts in his defense. They say they’ve agreed on many issues for his trial but can’t agree on whether he can mention Anthropic’s fundraising. The DOJ claims that the $500 million invested in Anthropic in 2022 came from FTX customers’ money.

The DOJ argues that talking about the current value of Bankman-Fried’s investments would only help his case, suggesting that FTX customers and other victims will eventually get their money back. They don’t want this argument in court.

The DOJ has previously tried to stop Bankman-Fried’s defense from saying that FTX creditors will get their money back. They say it doesn’t matter if the investments were profitable or if he believed they would make enough money to pay back what he took from FTX customers.

Anthropic has a deal with Amazon that could be worth up to $4 billion, and they’re talking about raising another $2 billion. ( Bloomberg reported last week).

FTX owns a piece of Anthropic that was worth $500 million when FTX filed for bankruptcy almost a year ago. The stake hasn’t been sold yet.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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