FTX Granted Approval to Sell Anthropic Shares
FTX wins court approval for Anthropic stake sale, advancing customer reimbursement efforts.

FTX wins court approval for Anthropic stake sale, advancing customer reimbursement efforts.
FTX received court approval to sell its 7.84% stake in AI startup Anthropic, aiming to raise $1 billion to aid in reimbursing its $3 billion debt to customers.
FTX seeks rapid sale of its 7.84% Anthropic stake, aiming to maximize creditor returns as part of its financial recovery strategy under new management.
OpenAI's proposal for a merger with Anthropic, though not accepted, adds a layer of intrigue to the competitive landscape of AI. The dynamics between these giants, coupled with the leadership vacuum at OpenAI, suggest a pivotal moment for the industry. The unfolding chess game between OpenAI and Anthropic will shape the future of AI, highlighting the sector's evolving nature and the strategic considerations at play.
Anthropic, an AI startup, has clinched a substantial $100 million investment from SK Telecom, a prominent player in South Korea's telecommunications sector.
Politicians who once benefitted from FTX’s hefty donations are being hard-pressed to return the money.
Lewis Kaplan, a senior judge of the United States District Court for the Southern District of New York, was appointed to take over the SBF case.
The former Texas Democratic candidate for governor was uncomfortable accepting such a large unsolicited donation, according to the Texas Tribune.
From lengthy tweets with cryptic poetry references to interviews, and more, now comes an internal letter that is not so "internal" anymore.
Crypto regulation is inevitable. That's not necessarily a bad thing, as regulatory clarity will free builders from worrying about government action while paving the way for more capital to enter the space.