FTX has reached an agreement to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million. The buyers include ATIC Third International Investment Co., with nearly $500 million worth of shares. Saudi Arabia was excluded due to national security concerns.
FTX reached an agreement to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million. Additional investors include Jane Street and funds managed by Fidelity. The document, dated March 22, lists a mix of buyers, with the largest stake going to ATIC Third International Investment Co., an enterprise aligned with Mubadala , a sovereign wealth fund in the United Arab Emirates . That group is purchasing nearly $500 million worth of Anthropic shares.
Saudi Arabia was specifically ruled out over national security concerns
FTX Majority Stake Artificial Intelligence Anthropic Sale Agreement Investors ATIC Third International Investment Co. Mubadala Sovereign Wealth Fund United Arab Emirates Shares Saudi Arabia National Security Concerns
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