FTX estate divests huge share in AI firm Anthropic for $884 million, most of proceeds headed to UAE

In a significant move marked by its bankruptcy turmoil, FTX, the embattled cryptocurrency exchange, has entered into agreements to divest its majority stake in the artificial intelligence innovator Anthropic. This deal, which could amount to $884 million, was unveiled in a recent court filing to the Delaware jurisdiction overseeing FTX’s bankruptcy case. Anthropic, a beacon … Continue reading FTX estate divests huge share in AI firm Anthropic for $884 million, most of proceeds headed to UAE