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Britain's business regulatory agency signs off on Amazon investment in Anthropic AI [Yahoo! Finance]
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Britain's Competition and Markets Authority had been looking at key aspects of the partnership and if it would result in Amazon "having material influence" over Anthropic as part of a so-called "quasi-merger," which is part of a new and growing trend in the realm of artificial intelligence. Together, the two companies control 70-80% of their market share in Britain and the CMA was looking to judge if Amazon's stake in Anthropic had resulted or would result "in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services." "As we've made clear," an Anthropic spokesperson told TechCrunch , "Anthropic is an independent company and our strategic partnerships and investor relationships do not diminish our corporate governance independence or our freedom to partner with others." The San Francisco-based Anthropic is a "public benefit corporation" which has raised around $10 billion since its founding. Friday's announcement by the CM
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