Britain’s competition regulator on Friday
cleared Amazon’s investment of up to 4 billion dollars in Anthropic, an American
developer of artificial intelligence, following a short probe.
The Competition and Markets Authority had examined the significant
investment by the US e-commerce giant amid concerns among global antitrust
watchdogs regarding tie-ups between AI firms and big tech companies.
Anthropic is developing a rival to ChatGPT-style AI chatbot.
The British regulator had probed whether the partnership caused “a
substantial lessening of competition within any market or markets in the
United Kingdom for goods or services”.
However, it announced Friday that it did not believe that “a relevant
merger situation has been created”.
This was owing to the fact that Anthropic’s UK turnover did not exceed 70
million pounds (94 million dollars), nor do both parties “together account for a 25-percent
or more share of supply of any description of goods or services in the UK”.(AFP)
