In April, a San Francisco artificial intelligence lab called Anthropic raised $580 million for research involving "A.I. safety."
Few in Silicon Valley had heard of the one-year-old lab, which is building A.I. systems that generate language. But the amount of money promised to the tiny company dwarfed what venture capitalists were investing in other A.I. start-ups, including those stocked with some of the most experienced researchers in the field.
The funding round was led by Sam Bankman-Fried, the founder and chief executive of FTX, the cryptocurrency exchange that filed for bankruptcy last month. After FTX's sudden collapse, a leaked balance sheet showed that Mr. Bankman-Fried and his colleagues had fed at least $500 million into Anthropic.
Their investment was part of a quiet and quixotic effort to explore and mitigate the dangers of artificial intelligence, which many in Mr. Bankman-Fried's circle believed could eventually destroy the world and damage humanity. Over the past two years, the 30-year-old entrepreneur and his FTX colleagues funneled more than $530 million — through either grants or investments — into more than 70 A.I.-related companies, academic labs, think tanks, independent projects and individual researchers to address concerns over the technology, according to a tally by The New York Times.
From The New York Times
View Full Article
No entries found