In a big move in the investment world, FTX’s 8% share in the AI company Anthropic is getting a lot of attention. This includes interest from big funds known as sovereign wealth funds. A report from CNBC, which got its information from people who didn’t want to be named, talks about this high interest. They are trying to sell assets and pay back the people who put money into FTX after it ran into financial trouble.

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• FTX, a company that has faced financial issues, owns a part of an AI company called Anthropic. People from all over the world, including big funds, are interested in buying this part.
• They plan to sell this share soon. The money they get from the sale will be used to pay back the people who invested in FTX.
• Anthropic is careful about who they let invest. They won’t accept money from Saudi Arabia because of safety worries but are okay with investments from places like the UAE’s Mubadala.

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FTX’s Stake in AI Company Anthropic Draws Investors’ Attention, Aims for Repayment Plan

They hope to finish the sale in a few weeks. The goal is to use the money from the sale to pay back FTX’s investors. Earlier, FTX’s lawyers said they want to give back all the money to their customers, even though FTX is having a hard time. This effort is part of what FTX’s former boss, Sam Bankman-Fried, is saying to try to get a lighter punishment than the 40-50 years that the law people suggest.

Back in 2021, FTX and another company called Alameda decided to buy an 8% share in Anthropic for $500 million. This share is now thought to be worth about $1 billion. But, it’s important to know that this type of share doesn’t let the owner make decisions for the company.

A court in New York said it was okay to sell this share in February. They tried to sell it before in June 2023 but couldn’t finish the deal. Anthropic has decided not to take money from Saudi Arabia because they worry about safety, but they are open to money from other big funds like Mubadala from the UAE.

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