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Cryptocurrency News Articles

Who's Snagging FTX's Stake in AI Unicorn Anthropic?

Mar 23, 2024 at 04:05 am

Google- and Amazon-backed Anthropic is exploring sovereign wealth funds as potential buyers for FTX's $1 billion stake in the AI startup, CNBC reported Friday, citing sources. FTX, which acquired the stake in 2021, is selling it as part of a court-supervised liquidation effort. Anthropic has reportedly ruled out Saudi Arabia as a potential investor.

Who's Snagging FTX's Stake in AI Unicorn Anthropic?

Who's Buying FTX's Anthropic Stake?

FTX's stake in Anthropic, the AI startup backed by Google and Amazon, is up for grabs. CNBC reports that Anthropic is considering a consortium of sovereign wealth funds to acquire the stake, which is worth around $1 billion.

FTX's Stake in Anthropic

FTX invested $500 million in Anthropic in 2021, giving it a 7.84% stake in the company. After FTX's bankruptcy, a U.S. judge ruled in February that the company could sell its shares in Anthropic as part of its liquidation process.

Saudi Arabia Out of the Mix

CNBC also reports that Anthropic has privately ruled out Saudi Arabia as a potential stakeholder. No reason was given for this decision.

Potential Buyers

While the identity of the sovereign wealth funds interested in acquiring FTX's stake has not been disclosed, it's likely that these funds come from countries with a strategic interest in AI technology. Countries such as China, Japan, and the United Arab Emirates have all been积极投资 in AI research and development.

Why Sovereign Wealth Funds?

Sovereign wealth funds are typically managed by governments and have significant financial resources at their disposal. They often invest in strategic assets and companies that align with their national interests. In the case of Anthropic, sovereign wealth funds may be interested in acquiring the stake to gain access to the company's AI technology and potential future growth.

Next Steps

Anthropic is expected to continue its discussions with potential buyers and announce a deal in the coming weeks. The sale of FTX's stake in Anthropic will be a significant milestone for the AI startup and will provide it with additional capital to further develop its technology.

It remains to be seen which sovereign wealth funds will ultimately emerge as the buyers of FTX's stake. However, the interest from these funds underscores the growing importance of AI technology and its strategic value to countries around the world.

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Other articles published on Nov 25, 2024