FTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg

Bankrupt crypto speech FTX has paused the merchantability of its highly-coveted $500 cardinal involvement successful artificial quality (AI) startup Anthropic, according to a report from Bloomberg.

Perella Weinberg, the concern slope handling FTX's bankruptcy, told bidders this period astir the pause, radical acquainted with the substance told Bloomberg. The determination followed months of owed diligence connected the involvement successful the creator of ChatGPT rival chatbot Claude being done by the bidders, the radical said.

FTX and sister hedge money Alameda had invested $500 cardinal successful Anthropic, according to an interior papers circulated earlier past November’s bankruptcy filing and seen by Bloomberg. Semafor reported successful aboriginal June that FTX was looking to merchantability its shares for “hundreds of millions of dollars.”

In May, Anthropic raised $450 cardinal successful Series C funding led by Spark Capital with information from Google, Salesforce Ventures, Sound Ventures, Zoom Ventures and others. According to Semafor’s aboriginal June report, Anthropic is valued astatine $4.6 billion.