The shares are being sold at Anthropic's last valuation of $18.4 billion and the potential buyers are a new syndicate of investors. The company's founders, Dario and Daniela Amodei, have the right to challenge any potential investors but are not involved in the current fundraising process. The sale is being handled by investment bank Perella Weinberg and is expected to conclude in the coming weeks.
Key takeaways:
- Anthropic, an AI startup, has ruled out Saudi Arabia as a potential investor, citing national security concerns.
- The stake in Anthropic is for sale due to the bankruptcy of FTX, a failed cryptocurrency exchange that bought the shares three years ago for $500 million.
- The potential buyers of FTX's shares comprise a new syndicate of investors for Anthropic, with Amazon and Alphabet not involved in the purchase.
- Saudi Arabia's Public Investment Fund, which has more than $900 billion in assets, is in talks with venture firm Andreessen Horowitz to create a $40 billion fund to invest in AI.