- Anthropic, an AI company that benefited from a $500 million FTX investment is of major interest to Google.
- Elon Musk and other prominent finance figures push back on recent media coverage focused on Sam-Bankman-Fried.
According to new reports, Google has shown major interest in Anthropic, an AI safety and research company based in San Francisco. The company, a major competitor to OpenAI, focuses on machine learning, physics, policy, and product
The new development has been received in a positive light by certain onlookers in the crypto market, as FTX was a major investor in Anthropic. The bankrupt cryptocurrency exchange has not only failed to refund customers but is also very likely to remain defunct.
However, the move could result in a turnaround of events for FTX’s creditors who might benefit from the $500 million stake poured into Anthropic by FTX. If the deal is successful, Anthropic will receive $2 bloom from Google, and see its value surge to an estimated $20 billion to $30 billion in the near term.
Elon Musk and other market players express displeasure over recent SBF media coverage
The cryptocurrency market did not hold back, as many key industry players shared their displeasure over the recent media coverage. Notably, 60 Minutes, a popular media publication, granted Sam-Bankman-Fried media coverage.
“He becomes toxic. Like, nobody wants to talk to him. He has no friends,’” says Michael Lewis.
“There is still a Sam-Bankman-Fried-shaped hole in the world that now needs filling” for someone driven by their ideals to do good on a large scale, Lewis says. https://t.co/Xyofx7MQUU pic.twitter.com/NSDTGqnYaW
— 60 Minutes (@60Minutes) October 1, 2023
For the most part, Fried was at the center of the interview, despite his controversial position in the cryptocurrency ecosystem at this time.
In the interview, Michael Lewis is quoted saying;
He [Sam-Bankman-Fried] has become toxic. Like, nobody wants to talk to him. He has no friends. There is still a Sam-Bankman-Fried-shaped hole in the world that now needs filling” for someone driven by their ideals to do good on a large scale, Lewis says.
Industry players have maintained that this suggestion invalidated the harm that Fried has caused to investors who lost their funds in the FTX collapse.
Tobi Lutke, the CEO of Shopify was one such finance figure who spoke on the subject. In a response post shared to X (formerly Twitter), the Shopify boss criticized 60 Minutes for holding space for Fried’s story.
He implied that founders working tirelessly behind the wheel to create innovative products should get the spotlight.He asserted.
How is it that SBF is _still_ getting super positive media coverage when the media has nothing good to say about the founders that have created things and brought value into the world?
Elon Musk, the CEO of X seems to share the same sentiments with Tobi Lutke. Referring to the community notes, which rightly highlighted Fried’s history of committing fraud and swindling unsuspecting customers, Musk affirmed that the media outlet’s framing of the interview was weird.
Yeah, it’s super weird. 60 mins got noted 😂
— Elon Musk (@elonmusk) October 2, 2023
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