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Amazon's $4B Stake In Anthropic Under UK Investigation For Anti-Competitive Concerns

Benzinga LogoBenzinga12h ago

Amazon's $4B Stake In Anthropic Under UK Investigation For Anti-Competitive Concerns - Benzinga

Quick Summary:

What Happened: The Competition and Markets Authority, which is a leading UK regulator, is investigating the partnership between Amazon and Anthropic, in a potential setback to the artificial intelligence sector.

The CMA began investigating Amazon's $4 billion investment in Anthropic in April, seeking comment and investigating whether the partnership resembled a merger that could potentially involve anti-competitive behavior.

A UK regulator is investigating a partnership between Amazon.com Inc (NASDAQ:AMZN) and Anthropic, a company it invested in back in September 2023.

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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 14:14:16 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21986048

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 28 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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