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What will be the impact on Amazon's stock price within one week of the UK CMA's decision on its $4 billion investment in Anthropic?
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Stock market data (e.g., from Yahoo Finance, Bloomberg)
Story
UK CMA Probes Amazon's $4 Billion Investment in Anthropic
Aug 8, 2024, 11:24 AM
The United Kingdom's Competition and Markets Authority (CMA) has launched a formal antitrust investigation into Amazon's $4 billion investment in AI firm Anthropic. This development follows the CMA's recent probe into Alphabet's partnership with the same startup. The investigation aims to scrutinize Amazon's ties with Anthropic amid growing concerns over competition in the tech sector. Amazon has expressed disappointment over the inquiry, which was initiated after the CMA received sufficient information about the deal.
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