FTX to promote $884m Anthropic stake to Abu Dhabi agency, 20 different buyers

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FTX is promoting two-thirds of its shares in Anthropic at $884 million, most of that are being acquired by Abu Dhabi-based buyers. 

ATIC Third Worldwide Funding Firm LLC, linked to the United Arab Emirates sovereign wealth fund Mubadala, plans to safe practically $500 million value of FTX’s curiosity in Anthropic. This transfer got here to gentle by means of a current court docket doc filed on the U.S. Chapter Courtroom for the District of Delaware. 

Moreover, Jane Road, varied Constancy Administration and Analysis-managed funds, and the enterprise capital entity HOF Capital, amongst 20 different entities, have agreed to accumulate stakes.

FTX to sell $884m Anthropic stake to Abu Dhabi firm, 20 other investors - 1
All potential patrons of FTX’s shares in Anthropic | Supply: U.S. Chapter Courtroom Submitting

In 2021, FTX made a major funding of $500 million in AI startup Anthropic, solely to face chapter the next yr as a result of fraud fees. Since final yr, Anthropic’s worth has quickly elevated with the developments surrounding generative AI and the prospect of the agency rivaling OpenAI.

Provided that FTX’s holding in Anthropic ranks among the many most profitable property inside its portfolio, and with the property’s money reserves reported at roughly $6.4 billion beforehand, FTX officers are optimistic that collectors will absolutely get well their dues.

Beforehand, there have been studies of curiosity from Saudi Arabia-based patrons. Nonetheless, Anthropic executives revealed that Saudi investments have been disregarded as a result of nationwide safety issues. 


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