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FTX, the beleaguered cryptocurrency exchange, has reportedly put a temporary halt to the eagerly anticipated sale of its substantial $500 million stake in the cutting-edge artificial intelligence (AI) startup Anthropic, as per a recent report from Bloomberg.
Bloomberg's sources have revealed that Perella Weinberg, the investment bank overseeing FTX's bankruptcy proceedings, informed potential buyers this month about a temporary halt in the process. This decision comes after several months of rigorous investigation by interested parties into the acquisition of a stake in the company behind Claude, a competing chatbot to ChatGPT.
According to an internal document obtained by Bloomberg, FTX and its sister hedge fund Alameda had made a joint investment of $500 million in Anthropic prior to the bankruptcy filing in November. Recent reports from Semafor indicate that FTX is now seeking to sell its shares in Anthropic for a sum in the range of "hundreds of millions of dollars."
In May, Anthropic secured $450 million in Series C funding, with Spark Capital leading the round and participation from notable investors such as Google, Salesforce Ventures, Sound Ventures, Zoom Ventures, and others. According to a report released by Semafor in early June, Anthropic's valuation stands at an impressive $4.6 billion.
