UK Launches Merger Inquiry into Amazon's $4 Billion Anthropic Investment

Aug 8, 2024, 11:32 AM

The United Kingdom's Competition and Markets Authority (CMA) has launched a formal merger inquiry into Amazon's $4 billion investment in the artificial intelligence firm Anthropic. The probe aims to scrutinize the nature of Amazon's ties with Anthropic, following concerns about potential antitrust issues. This move comes shortly after a similar inquiry was initiated into Alphabet's partnership with the same AI startup. Amazon has expressed disappointment over the investigation.