FTX Is Probing $6.5 Million Paid to Leading Nonprofit Group on AI Safety
- FTX said it paid the Center for AI Safety $6.5 million in 2022
- CAIS released letter on AI risks signed by industry executives
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FTX is demanding information about millions of dollars the bankrupt crypto firm gave to a top nonprofit group studying the risks of artificial intelligence.
Before it failed, FTX paid San Francisco-based Center for AI Safety $6.5 million between May and September 2022, according to a Wednesday court filing. The bankrupt crypto exchange, now managed by FTX Chief Executive Officer John J Ray III, wants an accounting of those transfers and seeks permission from a Delaware bankruptcy judge to issue subpoenas to CAIS for documents and other information related to those payments.