UK investigation launched into Amazon's £3bn AI startup investment
AmazonAmazon(US:AMZN) Sky News·2024-08-08 18:01

The UK's competition regulator has launched an inquiry into Amazon's investment of over £3bn into an artificial intelligence (AI) startup as regulators ramp up their scrutiny of mergers involving the fast-growing technology.The deal, which was announced by Amazon in March, included a $4bn (£3.16bn) investment into Anthropic and a commitment from the AI startup to use Amazon Web Services as its "primary cloud provider" for essential functions, including safety research and the development of future foundatio ...

UK investigation launched into Amazon's £3bn AI startup investment - Reportify