Exclusive: FTX Set to Sell Stake in AI Startup Anthropic for $884m
Exciting news for the crypto community as bankrupt crypto exchange FTX has entered into an agreement to sell the majority of its shares in AI startup Anthropic for a staggering $884m. The deal, detailed in court filings, is set to impact the industry significantly.
Multiple Buyers for FTX’s Anthropic Stake
With the filing dated March 22, FTX unveiled plans to sell its shares to 24 buyers. Noteworthy buyers include ATIC Third International Investment Co., which is owned by Abu Dhabi’s Mubadala, and Jane Street Global Trading, where FTX founder Sam Bankman-Fried previously worked.
- ATIC to acquire 16,664,167 shares for nearly $500m
- Jane Street Global Trading among key buyers
- Other investors include funds managed by Fidelity Management and The Ford Foundation
FTX’s Anthropic Stake Sale Awaits Verdict
Reports have surfaced that several sovereign wealth funds expressed interest in acquiring a portion of FTX’s stakes in Anthropic. CNBC disclosed concerns over national security, shedding light on the kingdom’s efforts to diversify its economy and attract talent from the UAE through tech investments.
The deal is currently awaiting final clearance from Judge John Dorsey, who presides over FTX’s bankruptcy proceedings. Once approved, the sale would encompass approximately two-thirds of FTX’s total Anthropic shares.
FTX’s $500M Investment in Anthropic Gains Momentum
Back in 2021, FTX and Alameda invested $500m in Anthropic, seizing a 7.84% stake in the AI firm. The recent surge in the artificial intelligence sector, fueled partly by ChatGPT’s popularity, has propelled the value of these shares to double.
- Investment sees significant growth amid AI advancements
- Artificial intelligence sector experiences surge
- FTX reaps benefits of timely investment
The Future of FTX and Anthropic
Anthropic has received substantial backing from tech giants like Amazon, Alphabet, and Salesforce, amassing around $7b in funding. For FTX, the sale of its Anthropic shares marks a pivotal moment following its commitment to reimburse customers post-exchange collapse.
- Anthropic secures major funding from tech industry leaders
- FTX’s strategic move amidst evolving market dynamics
- Customer reimbursement commitment stands out in the industry
Hot Take: FTX Continues to Make Waves in the Crypto Industry
FTX’s decision to sell its Anthropic shares for $884m demonstrates the exchange’s strategic positioning even amidst bankruptcy proceedings. The sale signifies a significant shift in the firm’s focus and opens up new opportunities for growth and innovation in the AI sector.
arring any unforeseen circumstances, this deal could pave the way for new collaborations and advancements in the crypto space. Stay tuned for more updates on FTX’s future endeavors.
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