Current investors such as Google and Amazon are not considering purchasing the stake, according to the report.
Defunct cryptocurrency exchange FTX will soon offload its stake in artificial intelligence firm Anthropic worth around $1 billion as part of a deal to pay off its bankruptcy debts, according to a report from CNBC on March 22.
Anthropic is currently considering a slate of investors to purchase the stake, per the article, with a deal expected to occur in a time period of “within a couple of weeks.” The report cites sources familiar with the matter who’ve asked to remain anonymous due to the ongoing nature of the financial negotiations.
The shares are being shopped through a special purpose vehicle (SPV), according to CNBC’s sources. This is likely due to the fact that FTX is bankrupt, as SPVs are essentially separate corporate legal entities that exist to ensure a parent company can meet its legal obligations in the event of insolvency.
