Anthropic to sell FTX stake, but Saudi buyer excluded from consideration

FTX Granted Approval to Sell Anthropic Shares

FTX wins court approval for Anthropic stake sale, advancing customer reimbursement efforts.

FTX Strategy for Customer Reimbursements: Proposal to Divest $1 Billion in Anthropic Stock

FTX received court approval to sell its 7.84% stake in AI startup Anthropic, aiming to raise $1 billion to aid in reimbursing its $3 billion debt to customers.

FTX Seeks Rapid Sale of Anthropic Stake to Aid Creditor Reimbursement

FTX seeks rapid sale of its 7.84% Anthropic stake, aiming to maximize creditor returns as part of its financial recovery strategy under new management.

SBI Holdings Inks Key Deal with Saudi's Aramco for Tech Venture

The collaboration explores diverse projects, including digital assets, and the establishment of semiconductor factories in both Japan and Saudi Arabia

OpenAI's Bold Move: Merger Proposal with Anthropic

OpenAI's proposal for a merger with Anthropic, though not accepted, adds a layer of intrigue to the competitive landscape of AI. The dynamics between these giants, coupled with the leadership vacuum at OpenAI, suggest a pivotal moment for the industry. The unfolding chess game between OpenAI and Anthropic will shape the future of AI, highlighting the sector's evolving nature and the strategic considerations at play.

Unlocking the Potential: Saudi Arabia and China's AceGPT AI Partnership

Saudi Arabia and China's AceGPT AI project is set to revolutionise Arabic language AI, forging a powerful alliance in technology advancement.

AI Startup Anthropic Secures $100M Funding from SK Telecom

Anthropic, an AI startup, has clinched a substantial $100 million investment from SK Telecom, a prominent player in South Korea's telecommunications sector.

Saudi Arabia, the Sandbox Agree to Collaborate on Metaverse Projects

Crypto trading firm QCP Capital has at least $97 million stuck on FTX: Sources

QCP Capital, a crypto trading firm based in Singapore, has at least $97 million stuck on FTX after the crypto exchange filed for bankruptcy last month.

Survey reveals high penetration and adoption of crypto in Saudi Arabia

Saudi Arabia is a significant market for digital currencies with the country's favorable regulatory climate, large consumer base and increasing interest in cryptocurrencies, a new KuCoin survey says.