Anthropic to Sell FTX's Stake, Excludes Saudi Investors Over National Security Concerns

The AI startup Anthropic is in the process of selling an 8% stake owned by the bankrupt crypto exchange FTX, explicitly excluding Saudi Arabian investors citing national security reasons.

Anthropic, an AI startup and rival to OpenAI, is selling the 8% stake owned by the defunct crypto exchange FTX, valued at over $1 billion.
Saudi Arabian investors are being explicitly excluded from the sale due to national security concerns raised by Anthropic executives.
The sale is part of FTX's bankruptcy proceedings, with the proceeds aimed at reimbursing clients who lost money.
UAE-based sovereign wealth fund Mubadala is among the potential buyers being considered for the stake.
The transaction is expected to conclude in the next couple of weeks, according to reports citing anonymous sources.