FTX To Sell $884 Million of Anthropic Shares To Two Dozen Institutional Investors

The FTX bankruptcy estate has raised $884 million by selling the majority of its Anthropic shares to two dozen institutional investors. "The sale of the Anthropic shares is a big win for the FTX estate, which pledged in January to pay back the defunct exchange's customers 100% of the value of their holdings at the time of the exchange's collapse," reports CoinDesk. "FTX's FTT token climbed 10% on the news." From the report: According to Friday court filings, the top buyer is ATIC Third International Investment Company, a tech investment company wholly owned by the government of Abu Dhabi's sovereign wealth fund, Mubadala. ATIC has agreed to purchase 16,664,167 shares of Anthropic from FTX for $500 million. Other buyers include Jane Street Global Trading -- an affiliate of the erstwhile employer of former FTX CEO Sam Bankman-Fried -- "certain funds" tied to Fidelity Investments and The Ford Foundation.

WTF are Anthropic Shares?

[Rinnon]

In case you're dumb like me, Anthropic is an AI company that FTX owns, it is not a class of shares you've never heard of.

Re:

[chas.williams]

So, intellectual property like patents and training datasets?

Interesting how FTX never dies...

[Anonymous Coward]

FTX was based on cryptocurrencies, which are arguably one of the few things propping up the global economy. making money, and keeping the world from plunging into a worldwide recession or depression. In fact, the halving of BTC next month will make BTC go well over $100,000.

FTX, similar. Just like a phoenix, even after bankruptcy, it still produces assets that, if in the hands of a former President, would get him his needed surety bonds. FTX and the companies it creates keep on going, providing needed, v

Re:

[Bill, Shooter of Bul]

Only an idiot would argue that cryptocurrencies are propping up the global economy.
FTX is dead. The whole investment in Anthropic was supposed to be to make sure AGI didn't happen. Much like OpenAi, the bizarre "AI is going to kill everyone so we decided to invent it first to control it" philosophy kind of dies away once people get a taste of the money it can produce. Money corrupts all.

Fools!

[Gravis Zero]

Anyone who has been paying attention to the world is investing everything into Misanthropic. Fools, all of them! ;)