Investors are reportedly lining up to buy FTX Investment in artificial intelligence (AI) companies human.
However, as CNBC reported on Friday (March 22), sources said the company has received interest from: government funds, It ruled out receiving funds from Saudi Arabia due to national security concerns.
Anthropic shares will be sold as part of FTX's bankruptcy proceedings. FTX bought an 8% stake for $500 million in 2021, but the AI boom has more than doubled that amount, according to the report.
Proceeds from the sale will be used to repay FTX customers, according to the report.Sources with knowledge of the negotiations say the sale is expected to close within the next two weeks, but Anthropic's founders Dario and Daniela Amodei Potential investors have the right to object.
However, they are not involved in fundraising or discussions with potential investors. The founders were introduced to former FTX CEO Sam Bankman Fried through “Effective Altruism.” This philosophy focuses on making and giving away as much money as possible.
Sources told CNBC that Anthropic's founders have told bankers that they will not accept money from Saudi Arabia, but that they are actively considering investing in other funds, including Mubadala, a United Arab Emirates fund. He reportedly told them that he would not object to funding from a sovereign wealth fund.
As we recently noted here, Saudi Arabia plans to invest $40 billion in AI projects, making it one of the most prominent players in the industry alongside companies like Andreessen Horowitz and Nvidia. There is a possibility.
This country's public investment fund is Grows to over $900 billion — is in talks with top venture capital firms to collaborate on this investment.
“Companies and investors are thinking: AI as a game changer Because it can transform the way industries work, create new economic value, and lift companies above their competitors,” PYMNTS wrote last week.
“It is expected to change the way companies operate, make decisions, interact with customers and develop new products. Thanks to productivity gains and consumer benefits, AI is expected to change the way companies operate, make decisions, interact with customers and develop new products. We believe this could have an impact of up to $15.7 trillion on the global economy.”
Meanwhile, FTX's new CEO last week slammed Bankman Fried's management of the company and his claims that customers will become completely fast-tracked.
“Customers will continue to never in the same position They would have been had they not met Mr. Bankman Freed and his brand of so-called 'altruism,''' John Ray said in a victim impact statement.
