Perella Weinberg, the investment bank handling crypto exchange FTX's bankruptcy, is looking to sell shares in artificial intelligence (AI) startup Anthropic potentially worth "hundreds of millions of dollars," Semafor reported on Tuesday.
At the time of its bankruptcy last November, FTX may have owned as much as $500 million worth of stock in Anthropic, the creator of ChatGPT rival chatbot Claude, which was valued at $4.6 billion, having raised $750 million in recent months, according to the report.
Anthropic stock is thought to be one of FTX's biggest assets, with the money going to former customers, the report said, citing people familiar with the matter.
However, FTX's bankers are unsure whether to sell the entire holding or hold some back on the expectation that AI valuations will continue to rise.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.