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The UK’s competition regulator has cleared Google's $2 billion investment in Anthropic, and others. The Competition and Markets Authority (CMA) has officially concluded that the company hasn’t acquired “material influence” over the AI startup Anthropic as a result of the investment.
The continuing investigation into the partnership has also been squashed, with the UK antitrust watchdog saying that the investment doesn’t qualify for a full probe under merger rules. This is after phase one of a .
“Anthropic is an independent company and our strategic partnerships and investor relationships do not diminish our corporate governance independence or our freedom to partner with others,” a company spokesperson said after the CMA announced its findings.
Google’s investment into Anthropic gives the company non-voting shares and consultation rights on significant business issues. Anthropic is best known for , which is in direct competition with . Earlier this year, the CMA the “interconnected web” of partnerships and investments in the rapidly advancing world of AI.
The CMA also allowed a similar investment to go through in which . It didn’t , on the grounds that Anthropic’s UK turnover didn’t exceed £70 million and the two parties didn’t combine to account for 25 percent or more of the region’s supply of AI LLMs and chatbots.
Microsoft’s investment into OpenAI, however, . The watchdog group did clear Microsoft’s investments and .
This article originally appeared on Engadget at
Console Bang News!
The continuing investigation into the partnership has also been squashed, with the UK antitrust watchdog saying that the investment doesn’t qualify for a full probe under merger rules. This is after phase one of a .
“Anthropic is an independent company and our strategic partnerships and investor relationships do not diminish our corporate governance independence or our freedom to partner with others,” a company spokesperson said after the CMA announced its findings.
Google’s investment into Anthropic gives the company non-voting shares and consultation rights on significant business issues. Anthropic is best known for , which is in direct competition with . Earlier this year, the CMA the “interconnected web” of partnerships and investments in the rapidly advancing world of AI.
The CMA also allowed a similar investment to go through in which . It didn’t , on the grounds that Anthropic’s UK turnover didn’t exceed £70 million and the two parties didn’t combine to account for 25 percent or more of the region’s supply of AI LLMs and chatbots.
Microsoft’s investment into OpenAI, however, . The watchdog group did clear Microsoft’s investments and .
This article originally appeared on Engadget at
Console Bang News!