Amazon Spared U.K. Antitrust Probe Over $4 Billion Investment in AI Startup Anthropic
By Mauro Orru
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.
Amazon and Anthropic didn't immediately respond to requests for comment.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
September 27, 2024 07:43 ET (11:43 GMT)
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