FTX Reaches Agreement to Sell Majority Stake in Anthropic AI Startup

Monday, 25 March 2024, 19:05

FTX has finalized a deal to offload the majority of its stake in Anthropic, an artificial intelligence startup, for an impressive $884 million. The sale is a significant move by FTX, underscoring its strategic shift in the AI industry. This transaction marks a major financial gain for FTX and showcases its commitment to reshaping its investment portfolio for future ventures.
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FTX Reaches Agreement to Sell Majority Stake in Anthropic AI Startup

FTX to Sell Majority Stake in AI Startup Anthropic for $884 Million

FTX has reached an agreement to offload the majority of its stake in Anthropic, an artificial intelligence startup, for $884 million. The bulk of the stake will be transferred to investors from the UAE, signaling a strategic move by FTX in an ever-evolving market. This sale highlights FTX's commitment to capitalizing on lucrative opportunities in the AI sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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