FTX pauses stake sale in AI startup Anthropic

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FTX pauses stake sale in AI startup Anthropic
FTX pauses stake sale in AI startup Anthropic

The AI startup, in May, raised $450 million in Series C funding led by Spark Capital

The sale of FTX’s highly-coveted $500 million stake in (artificial intelligence) AI startup Anthropic has been paused by the bankrupt crypto exchange FTX.

Perella Weinberg, the investment bank handling FTX’s bankruptcy, told bidders this month about the pause, said people familiar with the matter. The move followed months of bidders’ due diligence on the stake in the creator of ChatGPT rival chatbot Claude, the people said.

FTX and sister hedge fund Alameda had invested $500 million in the AI startup, according to an internal document circulated before last November’s bankruptcy filing. It was reported in early June that FTX was looking to sell its shares for “hundreds of millions of dollars.”

With participation from Google, Salesforce Ventures, Sound Ventures, Zoom Ventures and others, the AI startup, in May, raised $450 million in Series C funding led by Spark Capital. Anthropic is valued at $4.6 billion.

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