share_log

'Amazon Spared U.K. Antitrust Probe Over $4B Investment In AI Startup Anthropic; Decision Offers Some Breathing Space To U.S. Tech Giants Over Their Ties To AI Startups' - WSJ

Benzinga ·  Sep 27 21:41

U.K. antitrust officials said Amazon.com's multibillion-dollar investment in artificial-intelligence company Anthropic didn't qualify for a formal investigation, a win for U.S. Big Tech weeks after Microsoft was also spared a probe over its links to Inflection AI.

The U.K's Competition and Markets Authority launched a probe in August to determine whether Amazon's $4 billion investment in Anthropic posed a threat to competition in the country. Officials have now concluded that isn't the case and said they wouldn't open a formal investigation.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment