UK regulator clears Alphabet's $2.3B investment in AI firm Anthropic, deeming no competition harm.

The UK's Competition and Markets Authority (CMA) has cleared Alphabet's investment in AI firm Anthropic, stating it does not meet the criteria for investigation under merger regulations. The CMA had probed whether Alphabet's $2.3 billion investment could harm competition, but concluded that Alphabet does not have material influence over Anthropic and the startup's turnover is below the £70 million threshold.

November 19, 2024
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