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FTX Halts Sale of $500M Stake in AI Startup amid Recovery Efforts

FTX has paused the sale of its stake in Anthropic, an artificial intelligence company, that is valued at $500 million. It is among one of the largest investments by the bankrupt cryptocurrency exchange, besides a $1.5 billion investment in Genesis Digital. According to people familiar with the matter who shared information with Bloomberg on the condition of anonymity, the investment firm Parella Weinberg Partners, which acts as an advisor to FTX, has informed bidders about the pause.FTX’s Most-V... Read More

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Recovery

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Posted: Jun 28 2023, 10:32

Author Name: financemagnates

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