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FTX could also be seeking to offload its stake in OpenAI rival Anthropic, in response to a report by Semafor.
The publication stated the cryptocurrency alternate at the moment holds over $500 million price of shares in Anthropic, pointing to a November 2022 report by the Monetary Instances.
Citing folks accustomed to the matter, Semafor says Perella Weinberg, the financial institution dealing with the potential sale of the shares, has been floating the thought to buyers.
Based on the spreadsheet revealed by the Monetary Instances, FTX additionally invested $43 million in Twitter.
FTX and Weinberg declined to remark.
Because the launch of OpenAI’s ChatGPT in November, synthetic intelligence, particularly generative AI, has taken the world by storm. Know-how giants Microsoft and Google have invested billions to carry the know-how to the plenty. Microsoft reportedly invested $13 billion in OpenAI and integrating ChatGPT into its Bing internet browser.
Generative AI refers to synthetic intelligence skilled on huge quantities of knowledge and might produce content material primarily based on these prompts. The know-how nonetheless struggles with what the trade calls “hallucinations,” or creating false info as reality in its responses.
Launched in 2021 by former OpenAI workers, Anthropic launched Claude AI in March after receiving a $400 million funding from Google earlier this yr. In Might, Anthropic raised one other $450 million in Sequence C funding led by Spark Capital. That very same month, Anthropic introduced an development in Claude AI that may permit the chatbot to course of over 100,000 tokens or 75,000 phrases.
“The typical particular person can learn 100,000 tokens of textual content in five-plus hours, after which they could want considerably longer to digest, keep in mind, and analyze that info. Claude can now do that in lower than a minute,” the corporate stated.
FTX filed for Chapter 11 chapter safety in November. A month later, FTX founder and former CEO Sam Bankman-Fried was charged with cash laundering, fraud, and conspiracy to commit wire.
In January, a federal decide overseeing the FTX chapter permitted the failed alternate to dump a few of its property to repay collectors. Weinberg is discussing whether or not it will promote FTX’s total place in Anthropic, Semafor stated.
FTX offered the derivates buying and selling platform, LedgerX, to personal fairness agency M7 Holdings after receiving courtroom approval in Might.
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