Posted 3/25/2024, 5:02:00 PM
FTX Selling Majority Stake in AI Startup Anthropic for $884 Million
- FTX to sell majority of its 8% stake in AI startup Anthropic for $884 million
- Buyers include sovereign wealth fund Mubadala and firms like Jane Street and Fidelity
- FTX invested $500M in Anthropic in 2021 before going bankrupt amid fraud allegations
- Anthropic stake one of most valuable FTX assets, with FTX cash pile at $6.4B last month
- Anthropic secured up to $6B in investment from Amazon and Google last year
