FTX Seeks to Sell Stake in AI Startup Anthropic Again, Rumored to be Valued at Over 1 Billion Pounds

FTX Seeks to Sell Stake in AI Startup Anthropic Again, Rumored to be Valued at Over 1 Billion Pounds

FTX Seeks to Sell Stake in AI Startup Anthropic Again, Rumored to be Valued at Over 1 Billion Pounds

According to CoinDesk, bankrupt exchange FTX plans to sell its shares in artificial intelligence (AI) startup Anthropic. Court documents filed on Friday indicate that FTX and its sister investment company Alameda invested $500 million in Anthropic in 2021, giving FTX approximately an 8% stake in the company by January 2024. Previous rumors suggested that Anthropic had a valuation of $18 billion in its latest funding round, which would value FTX’s stake at around $1.4 billion. In fact, FTX had attempted to sell its shares in Anthropic last year, but the plan was suspended in June 2023 after potential buyers conducted several months of due diligence. The restructuring team at FTX stated in the Friday filing that setting the current sales process would enable them to coordinate the best and appropriate timing to sell Anthropic shares, aligning with the company’s own financing plans, and maximizing value for all stakeholders. A hearing regarding this motion may be held this month.