OpenAI rival Anthropic seeks new investors

AI startup Anthropic has attracted investor interest for a stake worth more than $1 billion, but has ruled out accepting funds from Saudi Arabia due to national security concerns. The stake belongs to failed cryptocurrency exchange FTX and is being sold as part of bankruptcy proceedings. The stake, originally purchased for $500 million, is now worth more than $1 billion due to the AI boom. The proceeds will be used to repay FTX customers. The sale is expected to close in the coming weeks. Anthropic’s founders have the right to reject potential investors, but are not involved in the current fundraising process, according to CNBC.

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