Amazon’s Anthropic Deal Gets a Green Light by UK Watchdog
Amazon.com Inc.’s $4 billion investment pact with AI firm Anthropic was cleared following heightened UK scrutiny into Big Tech’s spending spree on artificial intelligence software.
Tweet on Amazon’s Anthropic acquisition
@amazon' s $4 billion investment pact with AI firm Anthropic was cleared by UK Watchdog, Bloomberg reports.https://t.co/Gi8O6VKNWq#amazon #anthropic #ai
— The_Journalbiz (@the_journalbiz) September 27, 2024
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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 can 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 to influence the industry’s future.
The watchdog’s investigations into Google’s investment into Anthropic and Microsoft’s deal with OpenAI are still running.
