If I'm a creditor in FTX, it's a pretty big gamble, and I'm definitely not sure I'd be willing to settle for "sure, give me some shares in some AI company...". A significant chance that value craters, after all.
As long as you’re able to sell those shares immediately, a bunch of money loaded investors will be waiting to get your fraction of the AI pie from you.
> As long as you’re able to sell those shares immediately
You can't. Trades in even the most liquid private companies can still take weeks to close, if not longer. Add on the transfer restrictions that Anthropic almost certainly has, and you're going to be holding those shares for a long time.
I think that’s the most likely outcome: look for a buyer willing to take all the shares at market value, but also willing to offer shares to creditors willing to keep some Anthropic at a private valuation. Not sure if there’s a risk they’ll be more than a thousand people, triggering the need for an IPO — which presumably Anthropic would oppose.
