Amazon's $4 Billion Anthropic Deal Cleared by UK Watchdog [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The Competition and Markets Authority said Friday that the tie-up wouldn't qualify for an investigation under UK merger laws. It found that Anthropic's local revenue did not meet threshold limits or have a large enough share of supply in the country. Amazon has twice invested in the builder of AI tools, which is able to generate text and analysis. As part of the tie-up, Anthropic agreed to use Amazon Web Services data centers to power some of its operations, and to use Amazon's custom-built computer chips. The CMA is examining Silicon Valley firms' investments into the nascent AI industry after it found a growing pattern of transactions and highlighted concerns that the companies may use investments as a way to influence the future of the industry. The watchdog's separate investigations into Google's investment into Anthropic and Microsoft's deal with OpenAI are still running. Despite concerns about the investments, the CMA has now open and shut many
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