FTX’s $500 Million Investment in Anthropic Proves Fruitful Amid Google’s Interest


Google Considers $2 Billion Investment in Competitor Anthropic, Potentially Enhancing FTX’s Recovery Prospects through a $500 Million Investment.

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Google has set its sights on Anthropic, a competitor of OpenAI, with reports indicating ongoing discussions regarding a significant $2 billion investment in the company. This development comes as a welcome relief for FTX, the cryptocurrency exchange that faced bankruptcy last year. Furthermore, FTX’s creditors stand to gain from their $500 million stake in Anthropic.

Anthropic Pursues a $2 Billion Funding Round

Anthropic, established in 2021 by former researchers and executives from OpenAI, including Ilya Sutskever, Dario Amodei, and Daniela Amodei, is presently in discussions with multiple investors to secure $2 billion in a fresh funding round, as reported by The Information. Google is among the potential investors engaged in these negotiations.

Should the deal be successfully completed, Anthropic is targeting a valuation ranging from $20 billion to $30 billion, marking a remarkable advancement for the company. Their mission revolves around the development of artificial intelligence systems capable of comprehending natural language, images, and other complex data, all while aligning with human values and objectives.

In addition to significant backing from Amazon.com Inc., which recently pledged up to $4 billion in support for Anthropic, the company has garnered support from prominent investors such as Reid Hoffman, Peter Thiel, Dustin Moskovitz, and Sam Altman, all of whom have joined forces.

FTX’s Potential $500 Million Investment Could Prove Lucrative

FTX, a significant investor in Anthropic, encountered financial distress in November 2020 as a result of a major cyberattack, resulting in substantial losses. As revealed in an internal document obtained by Bloomberg, FTX and its associated hedge fund, Alameda Research, made a $500 million investment in Anthropic during the previous year.

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Throughout the bankruptcy proceedings, the status of FTX’s stake in Anthropic remained uncertain as the company temporarily suspended the sale of its shares. Nevertheless, with the anticipated rise in Anthropic’s valuation following the successful acquisition of new funding, FTX’s investment holds the potential for substantial returns.

While FTX initially faced a $9 billion deficit when filing for bankruptcy, it has successfully recuperated approximately “$7 billion in liquid assets to date,” leaving around $2 billion still outstanding. Consequently, FTX’s investment could potentially offer significant benefits to the creditors.

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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