Amazon's $4B Anthropic Deal Cleared by UK Regulator, Faces No Competition Concerns

Sep 27, 2024, 11:36 AM

Amazon's $4 billion investment in AI startup Anthropic has been cleared by the UK's Competition and Markets Authority (CMA), which has determined that the deal raises no competition concerns and will not be subjected to an in-depth probe. The CMA ruled that the partnership does not qualify for a merger investigation under UK laws, as Anthropic's UK revenue did not meet the necessary thresholds.