FTX-Backed Anthropic’s CEO Declined OpenAI's Merger Offer: The Information

CoinDeskPolicyPublished on 2023-11-20Last updated on 2023-11-21

Abstract

FTX bought a stake in Anthropic supposedly worth $500 million, according to an internal document circulated before last November’s bankruptcy filing.

FTX-backed artificial intelligence company Anthropic's CEO and co-founder Dario Amodei declined an offer from OpenAI's board of directors to merge, according to a report by The Information which cited a "person with direct knowledge."

The proposal came after OpenAI fired CEO Sam Altman on Friday and the deal had a sweetener – For Amodei to replace Altman as CEO, which he also turned down due to his position at Anthropic, according to the report.

"It’s not clear whether the merger proposal led to any serious discussion," the report said.

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Later, Reuters also reported the offers were made and declined, citing two people briefed on the matter.

FTX bought a stake in Anthropic supposedly worth $500 million, according to an internal document circulated before last November’s bankruptcy filing. FTX's bankruptcy trustee has yet to sell the stake.

The AI firm's several fundraising efforts recently raised hopes that FTX creditors may receive a larger payout should the stake be sold. The U.S. Department of Justice alleges that the $500 million investment in Anthropic in 2022 came from customer funds.

Read More: SBF's Lawyers Want to Ask Caroline Ellison About FTX's Anthropic AI Stake

Edited by Omkar Godbole.



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