FTX, the defunct crypto exchange, has stopped the sale of its stake in AI startup Anthropic, which it had previously invested $500 million in. The halt in the sale comes as interest in the AI space heats up, with many bidders coming forward to purchase the startup. The reason for FTX halting the sale is unclear at this time. Anthropic, founded by former OpenAI employees, currently has a valuation of $4.6 billion and focuses on developing its AI bot called Claude.
In other news, a judge has upheld most of the criminal charges against FTX’s CEO, Sam Bankman-Fried, dismissing his request for their dismissal. The charges will be addressed in two separate trials starting in October 2023 and March 2024.
Additionally, damning revelations have surfaced regarding FTX and Bankman-Fried. It has been alleged that FTX gained $400 million in funding through “sham agreements” invented by Bankman-Fried and an attorney. Bankman-Fried was also reportedly involved in a crypto trading MasterClass before the exchange collapsed, and he faced criticism for spending millions on celebrity connections.
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