Anthropic investment is being requested for exclusion from the ex-FTX CEO’s fraud trial by the prosecution due to its relevance and potential bias.
Federal prosecutors have asked the judge to keep any mention of former FTX CEO Sam Bankman-Fried’s investment in the artificial intelligence company Anthropic out of the ongoing fraud trial.
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This appeal is being made in light of recent media accounts of Anthropic’s fundraising efforts on behalf of FTX sufferers through donations from tech titans Google and Amazon.
Anthropic’s investment has creditors feeling positive
According to recent rumours, Anthropic will receive billions from Google shortly after announcing an investment from Amazon. Sam Bankman-Fried was a key investor in FTX, therefore the announcement has inspired hope among the company’s creditors.
Creditors anticipate that Anthropic’s increased wealth, which is partially the result of these investments, will help the FTX collapse victims recover financially. While creditors applaud this move, it has sparked questions in the courtroom despite their exuberance.
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Sam Bankman-Fried is not permitted to bring up Anthropic during his ongoing fraud trial, in accordance with a motion submitted by Assistant U.S. Attorney Thane Rehn on October 8. Rehn contended that such information would be “wholly irrelevant” to the case and may pose “substantial danger of unfair prejudice, confusing the issues, misleading the jury, undue delay, and waste of time.” He cited a previous decision by Judge Lewis A. Kaplan in support of his position.
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Prosecutors Move to Disqualify Anthropic
The prosecution considers it unnecessary to disclose in court the current worth of FTX’s stake in Anthropic. They contend that this material is unrelated to the dispute and would lend credence to the defense’s claim—previously rejected by the judge—that victims will be compensated.
A precedent established in a related case lends credence to this claim. The government’s uncontested request to bar the defense from bringing up the recovered assets in the FTX bankruptcy case was accepted by the court. The goal was to avoid giving the jury the impression that the victims would be fully compensated.
The prosecution is attempting to stop the trial’s presentation of Anthropic’s investment value in light of these developments in order to avoid any possibility of unnecessary bias, confusion, or time waste.
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