FTX Estate Can Sell Near 8% Stake in AI StartUp Anthropic, Court Rules
Summary
The FTX bankruptcy estate has received approval to sell its 7.84% stake in AI startup Anthropic, according to recent court filings. The motion to sell was filed in early February 2024, following an unsuccessful attempt in June 2023. FTX and Alameda had invested $500 million in Anthropic in 2021, and the stake's valuation could be around $1 billion, given that Anthropic's valuation has tripled to $15 billion. The FTX estate announced in January 2024 that it plans to fully repay its customers. Sam Bankman-Fried, the former FTX boss, is set to be sentenced after being convicted of fraud last year.
