From CNBC:

Sovereign wealth funds are vying for a stake in Anthropic, a rival to OpenAI. Saudi Arabia is excluded due to anthropic executives citing national security concerns. FTX aims to sell its 8% stake in Anthropic, now valued at over $1 billion, to repay customers as part of bankruptcy proceedings.

Anthropic raised $7 billion from tech giants and is now valued at $18.4 billion. Anthropic founders have the right to challenge potential investors. Saudi money is declined, but other sovereign wealth funds like Mubadala are being considered. FTX’s shares are being sold through special purpose vehicles.

Saudi Arabia, with over $900 billion in assets, is in talks with Andreessen Horowitz to create a $40 billion AI fund. Dual-use technology concerns have raised national security issues regarding investments from particular sources in the U.S. The kingdom’s human rights record remains a concern for Western partners.

Sam Bankman-Fried, FTX’s founder convicted for FTX’s collapse, faces sentencing of 40 to 50 years. Saudi Arabia looking to bolster economic ties globally with technological investments, but national security concerns loom over partnerships.



Read more: Anthropic lining up a new slate of investors, ruled out Saudi Arabia