An investigation into Amazon's $4 billion investment in AI firm Anthropic is being conducted by UK regulators.
The U.K. competition regulator is formally investigating Amazon's multibillion-dollar investment in U.S. artificial intelligence firm Anthropic.
The Competition and Markets Authority has commenced a "Phase 1" investigation into Amazon's investment and partnership with Anthropic to determine if the deal has resulted in a relevant merger situation that may harm competition in the U.K.
The CMA has commenced a formal investigation into the Amazon-Anthropic partnership after obtaining sufficient information, according to a notice on its website.
The CMA has 40 working days to decide if the transaction may harm competition and should undergo a "Phase 2" investigation.
Amazon and Anthropic were not immediately available for comment when contacted by CNBC.
This is a breaking news story. Please refresh for updates.
Technology
You might also like
- A major CVS shareholder is planning an activist push and will meet with management, according to sources.
- It's crucial to heed warnings about using public Wi-Fi in places like airports.
- Flooding and destruction caused by Hurricane Helene in the southeastern U.S.
- In a San Francisco all-female hacker house, a group of women are working together to break new ground in the tech industry.
- Elon Musk's X will be reinstated in Brazil after settling an additional penalty.