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FTX seeks to sell 8% stake in OpenAI rival Anthropic #FTXPetitions

FTX, a cryptocurrency exchange, has filed a petition to sell its 8% stake in Anthropic, a competitor of OpenAI. FTX had acquired the stake in Anthropic through a merger with a special purpose acquisition company (SPAC) earlier this year. The petition to sell the stake comes as FTX faces scrutiny from regulators over its ownership of the AI company. FTX argues that it should be allowed to sell the stake in Anthropic in order to comply with regulatory requirements and avoid potential conflicts of interest. The petition is currently under review by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). FTX’s move to divest its stake in Anthropic reflects the increasing regulatory pressure on cryptocurrency exchanges and their investments in non-crypto businesses. The outcome of the petition will have implications for FTX’s future business operations and its relationship with regulators.

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