Sovereign wealth funds and other investors are interested in buying a stake in Anthropic worth more than $1 billion. The AI startup has decided not to accept any investment from Saudi Arabia due to national security concerns. The stake is being sold by FTX, a failed cryptocurrency exchange, and the proceeds will be used to repay FTX customers.
Sovereign wealth funds and other investors are jostling to buy into an Anthropic stake worth more than $1 billion. The AI startup has ruled out taking any Saudi money over national security concerns, sources say, despite the kingdom's ambitions to get in on the AI boom.As bankers line up a group of potential new Anthropic backers, the company has ruled out taking money from the Saudis, according to people familiar with the matter.
Anthropic executives cited national security, one of the sources told CNBC. The stake in Anthropic is for sale because it belongs to FTX, the failed cryptocurrency exchange started by Sam Bankman-Fried, and is being unloaded as part of the company's. FTX bought the shares three years ago for $500 million. The 8% stake is now worth more than $1 billion due to the recent boom in AI. Proceeds from the sale will be used to repay FTX customer
Sovereign Wealth Funds Investors Anthropic Stake AI Startup Saudi Arabia National Security FTX Cryptocurrency Exchange Boom In AI Repayment
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