FTX pauses sale of stake in AI firm Anthropic, once purchased for $500m

FTX has suspended a planned merchantability of its involvement successful the artificial quality steadfast Anthropic, according to a Bloomberg study connected June 27.

The merchantability could person raised “nine figures”

FTX’s involvement successful Anthropic was expected to merchantability for “nine figures,” based connected secondary reports cited by Bloomberg. FTX and Alameda invested $500 cardinal successful Anthropic successful November 2022 earlier their bankruptcy.

There has been nary authoritative announcement from FTX oregon related parties astir the halted sale. Instead, according to Bloomberg’s anonymous sources, Perella Weinberg Partners, an concern bank, privately told bidders that the merchantability had been paused. But details astir wherefore the merchantability had been paused were not given.

Anthropic is reportedly valued astatine $4.6 billion, according to quality outlet Semafor. In May, the steadfast raised $450 cardinal for its AI bot, which is intended to vie with ChatGPT.

FTX is divesting its stakes successful different firms

FTX is additionally selling its involvement successful different companies arsenic portion of its ongoing bankruptcy proceedings. The institution moved to merchantability its involvement successful Mysten Labs — the creator of the Sui blockchain — in March. That woody was completed successful April for $96 million.

The crypto speech besides acted to merchantability its involvement successful VC steadfast Sequoia Capital. The deal’s presumption is unclear, but it was valued astatine $45 million successful March.

In April,  FTX arranged to merchantability LedgerX, a crypto derivatives trading level that it had antecedently acquired. That $50 cardinal merchantability was approved successful May.

These divestments signifier portion of FTX’s strategy to code its bankruptcy proceedings and compensate its users. Recent tribunal filings suggest that FTX misappropriated $8.7 billion.

The station FTX pauses merchantability of involvement successful AI steadfast Anthropic, erstwhile purchased for $500m appeared archetypal connected CryptoSlate.