Investors are reportedly lining up to buy. FTX A stake in an artificial intelligence (AI) company Bushra.
But as CNBC reported on Friday (March 22), sources say the company has received interest. sovereign wealth funds, He refused to accept money from Saudi Arabia due to national security concerns.
Anthropic’s shares are being sold as part of FTX’s bankruptcy proceedings. FTX bought an 8 percent stake in 2021 for $500 million, but the AI boom has more than doubled that amount, the report said.
According to the report, proceeds from the sale will be used to repay FTX customers. Sources with knowledge of the talks said the sale is expected to be completed within the next two weeks, although Anthropic’s founder Dario And Daniela Amodi Potential investors have the right to challenge.
However, they are not involved in fundraising, or in discussions with potential investors. The founders were introduced to former FTX CEO Sam Bankman Freud by “effective altruism,” a philosophy centered on making as much money as possible.
Sources told CNBC that Anthropic’s founders told bankers that they would not take money from Saudi Arabia, but that they would not object to funding from other sovereign wealth funds, including the United Arab Emirates’ fund exchange. Actively looking at investments.
As reported here recently, Saudi Arabia is planning to invest $40 billion in AI projects, a move that will make the kingdom one of the industry’s most prominent players, along with companies like Andreessen Horowitz and Nvidia. can make one from
The country’s Public Investment Fund – which has exceeded $900 billion. – Talking to top venture capital firms about working together on this investment.
“Businesses and investors watch. AI as a Game Changer Because it can change the way industries operate, create new economic value, and give companies a boost over competitors,” PYMNTS wrote last week.
“It is expected to change the way we run businesses, make decisions, interact with customers and develop new products. Consulting firm PwC believes that AI could add $15.7 trillion to the global economy by 2030.” This results in productivity improvements and consumer benefits.
Meanwhile, FTX’s new CEO last week criticized Bankman-Fried’s way of running the company and its claims that customers would be fully speeded up.
“Customers still will. Never in the same position If they hadn’t crossed paths with Mr. Bankman Freud and his so-called brand of ‘altruism,’ John Ray wrote in a victim impact statement.