FTX Pauses Sale of $500 Million Stake in AI Startup Anthropic

FTX Pauses Sale of $500 Million Stake in AI Startup Anthropic

Failed crypto exchange FTX has unexpectedly halted the sale of its stake in the artificial intelligence (AI) startup Anthropic. The stock has been viewed as a source of funds that can be used to compensate customers who suffered losses as a result of the coin trading platform’s collapse.
Cryptocurrency Exchange FTX Postpones Sale of Anthropic Shares
Bankrupt crypto exchange FTX has decided to hold off the sale of its stake in the AI company Anthropic. The stock, worth $500 million, has been among the exchange’s most sought-after assets, Bloomberg noted in a report.
According to sources who chose to remain anonymous, bidders have been informed this month about the pause by Perella Weinberg Partners, the financial services firm acting as an advisor in FTX’s bankruptcy which was looking to sell the Anthropic shares.
The AI startup was established in 2021 by former employees of Openai, the developer of the chatbot Chatgpt. In May of this year, Anthropic announced it had raised $450

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