Thursday, 8 August 2024

UK opens antitrust investigation into Amazon over its ties to AI startup Anthropic

Unsplash / Christian Wiediger
This comes after the retail giant invested $4 billion, which could represent a merger of sorts.

The UK’s antitrust regulator is set to carry out an antitrust investigation into Amazon and its ties with AI startup Anthropic. This comes after Amazon completed a $4 billion investment into the company. For the uninitiated, Anthropic is the organization behind the AI chatbot Claude.

The investigation will decide whether the aforementioned $4 billion investment qualifies as a merger under current regulations set forth by the country’s Competition and Markets Authority (CMA.) If it’s officially considered a merger, the investigation will then look into whether or not it will harm competition in the country. The investigators have 40 working days to come to a decision.


By Lawrence Bonk

Full story at Yahoo News.

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