FTX has struck a deal to sell off their investment in Anthropic for $884 million dollars

It turns out some good has actually come out of the whole Sam Bankman-Fried and FTX drama over the last few years.

The valuation of AI companies has skyrocketed, and so has the investment FTX made in AI startup Anthropic.

Now FTX has struck a deal to sell off their investment in Anthropic for $884 million dollars.

The largest buyer of this equity sale is ATIC Third International Investment Co., a company associated with the sovereign wealth fund Mubadalam which is owned by the United Arab Emirates. That group is purchasing nearly $500 million worth of Anthropic shares.

The remaining $384 million dollars in equity is being purchased by Jane Street, the quantitative trading firm where both FTX founder Sam Bankman-Fried and his ex-girlfriend Caroline Ellison , who was the CEO of FTX’s sister company Alameda Research, both worked at Jane Street before starting FTX. Other buyers include the venture fund HOF Capital, the Ford Foundation, funds managed by Fidelity Management, and nearly two dozen other buyers.

FTX estate selling majority stake in AI startup Anthropic for $884 million