UK CMA Clears Google's $2B Investment in AI Startup Anthropic

Nov 19, 2024, 12:37 PM

The UK's Competition and Markets Authority (CMA) has cleared Alphabet Inc.'s $2 billion investment in the AI firm Anthropic, stating that the partnership does not qualify for a full investigation under merger provisions. The UK watchdog's decision comes after a formal probe into whether Google had gained 'material influence' over Anthropic, concluding that no such influence was present. This clearance marks a significant moment for Google, allowing the company to proceed with its investment without further antitrust scrutiny in the UK.