Report Bankers shopping AI startup FTX stake worth hundreds of millions of dollars.
Perella Weinberg, the investment bank handling FTX’s bankruptcy related to cryptocurrency exchange, is planning to sell shares in Anthropic, an artificial intelligence (AI) startup, worth potentially hundreds of millions of dollars, according to a report by Semafor on Tuesday.
When FTX went bankrupt in November of last year, it reportedly owned up to $500 million worth of stock in Anthropic. Anthropic is the creator of ChatGPT, a chatbot that competes with Claude, and was valued at $4.6 billion after raising $750 million in recent months, as per the report.
Anthropic stock is believed to be one of FTX’s largest assets, and the money from its sale will go to former customers, citing sources familiar with the matter.
However, FTX’s bankers are uncertain whether to sell the entire stake or keep some of it, as they expect AI valuations to continue rising.
- Summarized Understanding Saudi Arabia’s Latest Move in the Rise of Cryptocurrencies in Arab Countries.
- Can blockchain games provide a sustainable income?
- Ethereum Shanghai upgrade summary.
Read More: FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case
