Crypto exchange FTX to sell shares in AI startup Anthropic
Bankrupt crypto exchange FTX may sell its shares in artificial intelligence startup Anthropic, a US judge ruled Thursday. US Bankruptcy Judge John Dorsey in Wilmington, Delaware approved FTX's proposal to sell the shares after FTX reached a compromise in court with a group of FTX customers that had opposed the sale. FTX invested $500 million in Anthropic in 2021, and currently holds a 7.84 percent stake in the company, according to court documents. The company had sought permission to sell the shares as part of its court-supervised effort to liquidate its assets and repay customers who lost access to their accounts when the company collapsed in 2022. "We are selling the Anthropic shares , as we are selling everything, and putting the money in the bank," FTX attorney Andy Dietderich said at a Thursday court hearing. FTX expects to sell the shares at a profit, and it will retain flexibility to sell its shares at the "most optimal and appropriate time,...