TechFlow reports that John Dorsey, a bankruptcy judge in Wilmington, Delaware, has approved FTX's proposal to sell its shares in the artificial intelligence startup Anthropic.
FTX invested $500 million in Anthropic in 2021 and currently holds a 7.84% stake in the company. FTX is seeking to sell these shares for a profit as part of its efforts to liquidate assets and repay customers who lost access to their accounts following the company's collapse.
Court filings indicate that FTX plans to sell the stock at the "most optimal and appropriate time," noting that the value of Anthropic shares has risen significantly due to growing interest in artificial intelligence and large language models.
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