Britain’s competition watchdog\u00a0said on Friday that Amazon’s artificial intelligence partnership with startup Anthropic will no longer\u00a0be probe as it did not fall under its jurisdiction.<\/p>\n
The watchdog found that San Francisco-based Anthropic\u2019s revenue and its combined market share with Amazon in Britain were not big enough to require an in-depth investigation under the country\u2019s merger rules.<\/p>\n
The Competition and Markets Authority said the partnership, which includes a $4 billion investment by Amazon in Anthropic, did not qualify for investigation under Britain’s merger regulations.<\/p>\n
“We welcome the UK’s Competition and Markets Authority (CMA) decision acknowledging its lack of jurisdiction regarding this collaboration,” an Amazon spokesperson said in response to the regulator’s decision.<\/p>\n
The regulator has also cleared a similar collaboration between Microsoft and Inflection AI.<\/p>\n
However, Alphabet’s partnership with Anthropic is still under scrutiny.<\/p>\n
“Anthropic is an independent company and our strategic partnerships and investor relationships do not diminish our corporate governance independence or freedom to partner with others,” an Anthropic spokesperson told Reuters on Friday.<\/p>\n
Anthropic, which was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei, has received billions of dollars in investments from several tech giants.<\/p>\n
Antitrust regulators around the world have increasingly raised concerns over multiple deals struck between smaller industry startups and big tech companies.<\/p>\n
The watchdog found that San Francisco-based Anthropic\u2019s revenue and its combined market share with Amazon in Britain were not big enough to require an in-depth investigation under the country\u2019s merger rules.<\/p>\n
\u201cWe welcome the UK\u2019s Competition and Markets Authority decision acknowledging its lack of jurisdiction regarding this collaboration,\u201d Amazon said in a statement. \u201cBy investing in Anthropic, we\u2019re helping to spur entry and competition<\/p>\n","protected":false},"excerpt":{"rendered":"
Britain’s competition watchdog\u00a0said on Friday that Amazon’s artificial intelligence partnership with startup Anthropic will no longer\u00a0be probe as it did not fall under its jurisdiction. The watchdog found that San Francisco-based Anthropic\u2019s revenue and its combined market share with Amazon in Britain were not big enough to require an in-depth investigation under the country\u2019s merger […]<\/p>\n","protected":false},"author":27,"featured_media":40220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,181,249],"tags":[],"class_list":["post-50143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-crime","category-world-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/50143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=50143"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/50143\/revisions"}],"predecessor-version":[{"id":50144,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/50143\/revisions\/50144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/40220"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=50143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=50143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=50143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}