UK CMA Probes Google’s $2 Billion Investment in Anthropic, Decision by December 19

Oct 24, 2024, 11:34 AM

The UK Competition and Markets Authority (CMA) has launched a formal investigation into Google's partnership with AI startup Anthropic. The probe aims to assess whether Google's planned $2 billion investment in Anthropic could potentially restrict competition in the market. The CMA has set a deadline of December 19, 2024, for a Phase 1 decision on the matter. This investigation could potentially derail the partnership between Alphabet, Google's parent company, and Anthropic. Google had also planned a cloud deal as part of this partnership.