FTX estate selling majority stake in AI startup Anthropic for $884 million, with bulk going to UAE
Publishing timestamp: 2024-03-25 17:42:35
Summary
FTX, a crypto exchange, has reached an agreement to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million. The top buyer is a group aligned with Mubadala, a sovereign wealth fund in the United Arab Emirates. Multiple investors, including Jane Street, HOF Capital, Ford Foundation, and funds managed by Fidelity, are involved in the deal. This sale is part of FTX's efforts to repay clients after its collapse in late 2022.
Sentiment: NEUTRAL
Keywords: technology, fintech, energy, bitcoin, alphabet inc, cryptocurrency, amazon.com inc, business news,