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CryptoIntelligence 2024-03-24 17:48:56

FTX to Sell $1 Billion Stake in AI Firm Anthropic to Pay Off Bankruptcy Debts Amidst Legal Battles

FTX to Sell $1 Billion Stake in AI Firm Anthropic to Pay Off Bankruptcy Debts Amidst Legal Battles

FTX, the cryptocurrency exchange that went bankrupt, is in the process of selling its investment in the artificial intelligence company Anthropic, valued at approximately $1 billion. This move is part of FTX’s strategy to address its bankruptcy debts, a situation reported by CNBC on March 22. Anthropic, an AI firm, is currently evaluating potential buyers for FTX’s stake, with a transaction expected to finalize within the next few weeks. Sources close to the situation, preferring anonymity due to the sensitive nature of the financial discussions, informed CNBC of these developments. The method of sale involves a special purpose vehicle (SPV),

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