FTX submitted a motion to sell its entire stake in AI startup Anthropic, worth about $1.4 billion.
Bankrupt crypto exchange FTX is seeking court approval to sell its entire stake in artificial intelligence firm Anthropic, according to court filings on Feb. 3.
FTX submitted a motion to the United States Bankruptcy Court for the District of Delaware seeking to sell Anthropic Series B Preferred Stock, including rights or interests therein, owned by it sister company, Alameda Research.
The exchange’s former CEO, Sam Bankman-Fried, invested about $530 in Anthropic in April 2022 — seven months before his empire collapsed in November of that same year. The capital invested in the AI startup was originally from customers’ deposits on FTX, according to evidence presented during the legal trial of Bankman-Fried in October 2023.