UK clears $4 bn AI partnership between Amazon, Anthropic
The Peninsula
London: Britain s competition regulator on Friday cleared Amazon s investment of up to $4 billion in Anthropic, an American developer of artificial in...
London: Britain's competition regulator on Friday cleared Amazon's investment of up to $4 billion in Anthropic, an American developer of artificial intelligence, following a short probe.
The Competition and Markets Authority had examined the significant investment by the US e-commerce giant amid concerns among global antitrust watchdogs regarding tie-ups between AI firms and big tech companies.
Anthropic is developing a rival to ChatGPT-style AI chatbot.
The British regulator had probed whether the partnership caused "a substantial lessening of competition within any market or markets in the United Kingdom for goods or services".
However, it announced Friday that it did not believe that "a relevant merger situation has been created".
