-
Buyers
are
lining
up
to
buy
FTX’s
8%
stake
in
AI
startup
Anthropic,
according
to
a
new
report
from
CNBC. -
The
shares
were
purchased
in
2021
for
$500
million
– but
are
worth
$1
billion
at
today’s
valuation.
FTX’s
slice
of
artificial
intelligence
firm
Anthropic
is
up
for
sale,
and
global
investors
including
sovereign
wealth
funds
are
lining
up
for
the
chance
to
purchase
the
shares,
according
to
a
new
report
from
CNBC
citing
unnamed
sources.
The
sale
is
expected
to
wrap
up
in
the
next
few
weeks,
according
to
the
report,
and
proceeds
will
be
used
to
pay
back
FTX
investors.
Lawyers
for
FTX
said
in
January
the
defunct
exchange
expects
to
be
able
to
pay
back
customers
100%
of
the
value
of
their
holdings
at
the
time
of
the
bankruptcy
–
a
fact
disgraced
founder
and
former
CEO
Sam
Bankman-Fried
has
attempted
to
use
to
his
advantage
in
advocating
for
a
significantly
shorter
sentence
than
the
40-50
years
recommended
by
federal
prosecutors.
FTX
and
Alameda
jointly
purchased
an
8%
stake
in
Open-AI
competitor
Anthropic
for
$500
million
in
2021.
Today,
those
shares
are
reportedly
worth
an
estimated
$1
billion.
The
class
B
shares
do
not
come
with
voting
rights.
The
FTX
estate
got
the
go-ahead
from
a
New
York
bankruptcy
court
to
sell
the
shares
in
February.
An
earlier
attempt
to
sell
the
shares
in
June
2023
ultimately
fell
through
after
months
of
due
diligence
stalled.
According
to
CNBC’s
report,
Anthropic
will
not
consider
allowing
any
investment
from
Saudi
Arabia
due
to
national
security
concerns,
but
has
not
ruled
out
investments
from
other
sovereign
wealth
funds
including
the
United
Arab
Emirates’
Mubadala.