- They invested $500 million in this startup
- It was their last major investment before going bankrupt.
Crypto exchange suspended a deal to sell its stake in the Anthropic project, which develops artificial intelligence. Bloomberg writes about this, citing anonymous sources at Perella Weinberg Partners. This bank was supposed to supervise the auction. At the last minute, Perella informed bidders that trading had been suspended, insiders said.
Officials do not confirm or deny such information. But according to Bloomberg, selling the stake in Anthropic would allow FTX to make a “nine-figure” profit.
Previously, the bankrupt crypto exchange sold its stake in many companies in order 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 Sui blockchain. As part of the deal, FTX received $96 million.
Anthropic History and Perspective
In November, FTX and Alameda invested $500 million in Anthropic. This was a couple of days before the platform went bankrupt.
At the moment, the Anthropic startup is valued at $4.6 billion. Amid interest in neural networks, the firm raised $450 million in new investments in May.
Anthropic is developing an AI bot to compete with ChatGPT.
Yesterday, venture capital fund Paradigm announced that it would start investing in AI projects. But they will continue to support blockchain projects as well. The company believes that cryptography and AI are not competitors and complement each other.