Artificial Intelligence

Euler

Million

<ul class="list-ic vertical">
 <li>1 <a>FTX, the bankrupt centralized cryptocurrency exchange, has secured the court’s approval to sell its shares in Anthropic AI.&nbsp;</a></li>
 <li>2 <a>Anthropic AI has secured $500 Million in funding from FTX and is believed to have received significant investment from FTX owner Sam Bankamand Fried.&nbsp;</a></li>
 <li>3 <a>FTX sponsored the men’s ICC T20 cricket world of 2023. Some other sports sponsorship deals include F1 racing and Miami heats.&nbsp;&nbsp;</a></li>
</ul>
FTX, a leader at the time, has made investments of billions of dollars in the crypto space and outside, too. The young founder of the centralized cryptocurrency exchange, Sam Bankman Fried, has been sentenced to jail over dozens of allegations, including fraud.&nbsp;
Anthropic AI has a close connection with FTX and its founder, Sam. During its early stages, the exchange invested $500 Million in the firm. As of writing, FTX holds around 8% of the company.&nbsp;
While hearing the plea filed by FTX to sell its shares in Anthropic AI, a U.S. bank Judge ruled and said the exchange might sell its shares.&nbsp;
The defending attorney of FTX, Andy Dietderich, said, “We are selling the Anthropic shares, as we are selling everything, and putting the money in the bank.”&nbsp;
According to the February court filing, “Given the increased interest in AI and large language models, there has been significant appreciation in the value of the Anthropic Shares since the Debtors’ acquisition and investment in Anthropic in 2021.”&nbsp;
In the short span after its launch, FTX gathered billions of dollars in funding from leading venture capitals and other leading firms in the crypto space. Following the sudden demise of the exchange, dozens of companies filed for bankruptcy.&nbsp;
At the time, FTX was the second most prominent <a href="https://www.thecoinrepublic.com/2024/02/14/what-is-the-bitcoin-gold-cryptocurrency-and-how-does-it-work/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange. However, its downfall started when a leaked balance sheet of the investment arm of FTX, Alameda Research, went viral; the leak is claimed to have been carried out by Binance.&nbsp;
Before the demise of the exchange of Sam Bankman, the FTT token’s all-time highest trading price was $85.02. Millions of users and dozens of creditors lost hope of returning their funds.&nbsp;&nbsp;
<h2 class="wp-block-heading" id="strong-ftx-major-investments-strong">FTX Major Investments&nbsp;</h2>
FTX sponsored the men’s ICC T20 cricket world of 2023. Some other sports sponsorship deals include F1 racing and Miami heats.&nbsp;&nbsp;
Some significant investments of FTX ventures include Lens Protocol, LayerZero, Celestia, Aptos, NEAR Protocol, Yuga Labs, Layer N, Sui, Messari, Euler Finance, Axie Infinity, Mina, Web3Auth, Xterio, Coral, Doodles, DoraHacks, Delphia, Taki, Paragraph, Few &amp; Fare and Tactic including dozens of others.&nbsp;
<h3 class="wp-block-heading" id="strong-anthropic-ai-market-share-ai-market-cap-strong">Anthropic AI Market Share &amp; AI Market Cap&nbsp;</h3>
The Anthropic AI (Claude) has a market share of 0.25% in the global artificial intelligence market. In 2023, the global AI market was worth $200 Billion. There are claims that the market will probably be worth over $1 Trillion by the end of 2030.&nbsp;
In the past few quarters, the Artificial Intelligence industry has evolved significantly. Following the launch of AI-based tools, a growth in lay-offs in almost every sector was observed.&nbsp;
However, there are still dozens of unexplored capabilities of Artificial Intelligence, and more technological advancement is expected in the coming months.&nbsp;&nbsp;

Court Clears FTX Path to Sell Its Shares in Anthropic AI: Filing

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Thecoinrepublic.com

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