global 703 crypto positive
FTX, a collapsed crypto exchange, may be able to make customers whole thanks to its early investment in Anthropic, an Open AI rival. In April 2022, FTX invested $500 million in Anthropic, and now the AI startup is in talks to raise $2 billion in fresh funding. This comes days after Amazon announced plans to invest up to $4 billion, potentially increasing Anthropic’s valuation to $20-30 billion. If Anthropic hits a $30 billion valuation, FTX’s stake could be worth around $4.5 billion. FTX’s recent court filings show that the exchange needs $4.5 billion to make customers whole. Total customer claims sit at $16 billion, while FTX holds $11.5 billion in assets including its venture portfolio and crypto reserves. If Anthropic helps close the gap, it could bring some relief to FTX users awaiting repayment.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries
Sentiment positive
Relevance Score 8
People Amazon, Google, Claude, The Information, FTX 2.0 Coalition
Companies Amazon, Google, Anthropic, FTX, Open AI
Currencies None
Securities None

Leave a Reply