FTX may be looking to offload its stake in OpenAI rival Anthropic, according to a report by Semafor.

The publication said the cryptocurrency exchange currently holds over $500 million worth of shares in Anthropic, pointing to a November 2022 report by the Financial Times.

Citing people familiar with the matter, Semafor says Perella Weinberg, the bank handling the potential sale of the shares, has been floating the idea to investors.

According to the spreadsheet published by the Financial Times, FTX also invested $43 million in Twitter.

FTX and Weinberg declined to comment.

Since the launch of OpenAI’s ChatGPT in November, artificial intelligence, specifically generative AI, has taken the world by storm. Technology giants Microsoft and Google have invested billions to bring the technology to the masses. Microsoft reportedly invested $13 billion in OpenAI and integrating ChatGPT into its Bing web browser.

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Author: Jason Nelson

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