Google has invested $300 million into an artificial intelligence company which previously received over $500 million from FTX and Alameda Research. The news has led some to believe these funds may be used to pay back FTX creditors.
by The New York Times reported that of the $580 million raised, about $530 million came from Bankman-Fried and his former business partners.
Bankman-Fried’s stake in the AI company could be as high as $1.1 billion. However, the creditor didn't elaborate on the figure.whether Bankman-Fried’s stake will be used to pay off the massive pile of debt that FTX has accumulated from their recent controversies.
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