Tuesday, 26 March, 2024

FTX Sells Stake in AI Startup Anthropic Amid Bankruptcy

Amid bankruptcy proceedings, FTX, a financial services firm, divested its stake in Anthropic, a prominent AI startup. The move signifies FTX's strategic restructuring efforts amidst financial challenges. Anthropic, known for its advancements in artificial intelligence, now faces changes in ownership as it continues its trajectory in the AI sector. The sale of FTX's stake underscores the impact of financial instability on investments in cutting-edge technology ventures.