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Anthropic's CEO, Dario Amodei Rejects OpenAI Merger Offer

Anthropic's CEO, Dario Amodei  Rejects OpenAI Merger Offer

DOJ Claims Misuse of $500 Million in Investments

Anthropic's CEO, Dario Amodei, rejected OpenAI's board of directors' merger proposal and an offer to take over for fired CEO Sam Altman. Anthropic, backed by FTX and valued at $500 million,  declined the deal, because of concerns about its implications.

FTX's bankruptcy trustee has yet to sell its Anthropic
stake. The U.S. DOJ claim the $500 million investment in Anthropic in 2022 originated from customer funds.

By: Prayag Sen
21-Nov-2023

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