Summary
FTX sells $884 million worth of shares in AI startup Anthropic to repay creditors, with majority acquired by UAE’s Mubadala. Move reflects commitment to recovery plan and asset liquidity for creditor repayment. Anthropic’s value has surged with investments from Amazon and Google.
Key Points
1. FTX has announced agreements totaling $884 million to sell a substantial portion of its shares in the AI startup Anthropic.
2. The major chunk of this investment, nearly $500 million, will be acquired by ATIC Third International Investment, a subsidiary of the UAE’s sovereign fund Mubadala.
3. FTX’s strategic investment in Anthropic has paid off, with the AI startup attracting considerable interest and substantial investments from tech giants like Amazon and Google.