Amazon's $4 Billion AI Investment Cleared by UK CMA, Avoids Probe

Sep 27, 2024, 01:31 PM

Amazon's $4 billion investment in AI startup Anthropic has been cleared by the UK Competition and Markets Authority (CMA). The CMA concluded that the partnership does not raise competition concerns and will not be subjected to an in-depth probe. This decision was influenced by Anthropic's UK revenue not meeting the required limits for a formal investigation under merger laws. The clearance provides some breathing space for Amazon ($AMZN) and other U.S. tech giants amid heightened scrutiny on their AI investments.