Saudi Investors Barred from FTX’s Anthropic Stake Sale Over National Security Concerns AI startup Anthropic will not accept
investments from Saudi Arabia in the sale process of 8% of its shares as part of
FTX’s bankruptcy proceedings. Executives at Anthropic have cited these concerns as the reason for ruling out
Saudi Arabian involvement, as reported by CNBC.
The proceeds from the stake sale will be used to repay FTX customers, and the transaction is expected to conclude within the
next few weeks, according to insiders who have requested anonymity due to the confidential nature of the
negotiations. Sources reveal that the class B shares, which do not grant voting rights, are being sold based on
Anthropic’s most recent valuation of $18.4 billion. In recent years, Anthropic has raised approximately $7 billion from tech giants such as Amazon,
Alphabet, and Salesforce. While founders Dario and
Daniela Amodei retain the right to challenge potential investors, they are currently not involved in the fundraising process or discussions regarding FTX’s stake. The Amodei siblings were introduced to Bankman-Fried through the concept of “effective altruism,”
which involves maximizing wealth for charitable causes.
