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    Sonal Shridhar Shinde in News

    09-Oct-2023 10:21 AM


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    DOJ Seeks to Prevent Sam Bankman-Fried from Discussing Anthropic AI Funding in Court

    The U.S. Department of Justice (DOJ) is taking legal action to prevent Sam Bankman-Fried, the CEO of cryptocurrency exchange FTX, from raising questions about his involvement in Anthropic AI's fundraising during an ongoing legal case. Bankman-Fried's connection to Anthropic AI, a company specializing in artificial intelligence research, has attracted regulatory scrutiny.

    In an attempt to maintain focus on the primary legal matter, which pertains to potential market manipulation in the cryptocurrency industry, the DOJ is requesting that any discussions related to Bankman-Fried's funding of Anthropic AI be excluded from the courtroom proceedings. This move underscores the government's determination to keep the case narrowly centered on the alleged wrongdoing in crypto markets without distractions.

    The case sheds light on the broader issue of regulatory oversight and the intersection of cryptocurrency entrepreneurs with emerging technologies like AI. It will be closely watched by the crypto community and legal experts as it unfolds, potentially setting precedents for future legal actions in the industry.
    #DOJ #SamBankman
    Source: Coindesk