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Showing posts with the label bankruptcy

Google invests $300M in AI firm previously funded by Sam Bankman-Fried

Members of Crypto Twitter are speculating whether Bankman-Fried and FTX will source the reported $530 million invested in Anthropic to pay off FTX creditors. Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed. While the $300 million figure was reported by Financial Times on Feb. 4, Anthropic confirmed the investment partnership with Google Cloud on the same day despite not disclosing any figures: We're excited to use Google Cloud to train our AI systems, including Claude! https://t.co/IaqQ5lpJrP https://t.co/vOn5Cj4sPt — Anthropic (@AnthropicAI) February 3, 2023 In the same announcement, Anthropic also confirmed that they previously raised capital from Bankman-Fried and former Alameda Research CEO Caroline Ellison, among others, in its Series B fundraising round: The Se...

Celsius advisory fee reaches $53M: Firm files deadline for user claims

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Prominent crypto lending firm Celsius was one of the first platforms to file for bankruptcy in 2022. The case has taken many turns with government agencies intervening. Parallelly, customer woes continue to prolong. In a recent development, it was revealed that Celsius is preparing to file a motion that will extend the deadline for users to submit their claims. Its official tweet regarding the same noted that they were seeking to push the bar date from January 3, 2023, until early February. Celsius is preparing to file a motion later this week requesting an extension of the bar date, which is the deadline to file a claim , from January 3, 2023, until early February. — Celsius (@CelsiusNetwork) December 29, 2022 Also Read: FTX Investors Realize $9B In Losses: 3AC, Celsius’ Numbers Much Higher Celsius said that its goal is to provide account holders with additional time to file any proof of claim . Furthermore, it revealed, “ This motion i...