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VisitWhat will be the outcome of Amazon's $4 billion investment in Anthropic by end of 2025?
Significant revenue increase for Anthropic • 25%
New major AI product launched • 25%
Acquisition of Anthropic by Amazon • 25%
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Press releases from Amazon or Anthropic, financial reports, major news outlets
Amazon's $4 Billion AI Investment Cleared by UK CMA, Avoids Probe
Sep 27, 2024, 01:31 PM
Amazon's $4 billion investment in AI startup Anthropic has been cleared by the UK Competition and Markets Authority (CMA). The CMA concluded that the partnership does not raise competition concerns and will not be subjected to an in-depth probe. This decision was influenced by Anthropic's UK revenue not meeting the required limits for a formal investigation under merger laws. The clearance provides some breathing space for Amazon ($AMZN) and other U.S. tech giants amid heightened scrutiny on their AI investments.
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