Third largest shareholder of Nos buys stake in AI company from FTX – Technologies

FTX, a crypto platform that is judicially managed after its collapse last year, is selling around two-thirds of its 8% stake in artificial intelligence (AI) startup Anthropic, Bloomberg reports this Monday.

Sales, according to the news agency, total 884 million dollars (818 million euros at current exchange rates).

The largest share will be purchased by ATIC Third International Investment Company LLC, a unit linked to Mubadala, the sovereign wealth fund of the United Arab Emirates, which is Nos’ third largest shareholder, with a 5% stake.

According to Bloomberg, ATIC will invest around $500 million in purchasing Anthropic shares from the FTC. The AI ​​startup’s remaining shares will be acquired by more than two dozen investors, including Jane Street, funds from Fidelity Management and Research and venture capital HOF Capital.

FTX invested $500 million in Anthropic in 2021, a year before it went bankrupt in a lawsuit involving fraud allegations by its founder Sam Bankman-Fried and other senior managers at the crypto platform.

The sales still have to be approved by court.

The stake in Anthtropic is one of FTX’s most valuable assets, inflated by the AI ​​fever that has made the shares of companies in this sector soar on the stock market.