- In this startup they invested $500 million
- It was their last major investment before bankruptcy
The cryptocurrency exchange has suspended the sale of its stake in Anthropic, an artificial intelligence project. This writes Bloomberg, citing anonymous sources at the bank Perella Weinberg Partners.. This bank was supposed to supervise the auction. According to insiders, Perella told participants at the last minute that the bidding had been suspended.
Officials neither confirm nor deny such information. But according to Bloomberg, the sale of a stake in Anthropic would allow FTX to make a “nine-figure profit.”
The bankrupt cryptocurrency exchange has previously sold its stake in many companies to raise capital and pay off investors. So, in March, the company got rid of its stake in Mysten Labs, the project that created the blockchain Sui. As part of the deal, FTX received $96 million.
History and prospects of Anthropic
In November, FTX and Alameda invested $500 million in Anthropic. That was a couple of days before the platform went bankrupt.
The startup Anthropic is currently valued at $4.6 billion. Amid interest in neural networks, the firm raised $450 million in new investment in May.
Anthropic is developing an AI bot that would be a competitor to ChatGPT.
The Paradigm Venture Fund announced yesterday that it will begin investing in AI projects. But they will also continue to support blockchain projects. The company believes that cryptography and AI are not competitors and complement each other.