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FTX's Stake in Anthropic Draws Sovereign Wealth Fund Investors - PYMNTS.com

Retrieved on: 2024-03-25 08:05:53

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FTX's Stake in Anthropic Draws Sovereign Wealth Fund Investors - PYMNTS.com. View article details on HISWAI: https://www.pymnts.com/artificial-intelligence-2/2024/ftxs-stake-in-anthropic-draws-sovereign-wealth-fund-investors/

Summary

FTX's bankruptcy proceedings include the sale of its stake in AI firm Anthropic, with investors showing interest except for Saudi Arabia due to security concerns. Proceeds will aid FTX customers; Sam Bankman-Fried is linked to the initial investment through effective altruism. The sales are expected to support the booming AI industry.

Article found on: www.pymnts.com

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