A Delaware bankruptcy judge gave FTX the green light to sell its over $1 billion stake in AI firm Anthropic.
Will FTX sell its shares in artificial intelligence startup anthropic?
A U.S. judge has approved bankrupt crypto exchange FTX’s proposal to sell its shares in artificial intelligence (AI) startup Anthropic. The exchange had invested $500 million in Anthropic in 2021, giving it a 13.56% equity stake, which has since been diluted to 7.84% due to fundraising, Reuters reported Thursday (Feb. 22).
Why did FTX halt the sale of anthropic?
FTX halts the sale of AI startup Anthropic, despite increasing interest in the AI space and the company's $4.6 billion valuation. Judge upholds majority of criminal charges against FTX's Sam Bankman-Fried, with trials set for October 2023 and March 2024.
