Diamond Member Pelican Press 0 Posted August 8, 2024 Diamond Member Share Posted August 8, 2024 This is the hidden content, please Sign In or Sign Up *** regulator to examine This is the hidden content, please Sign In or Sign Up investment in AI startup Anthropic | This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up ’s $4bn investment into US artificial intelligence startup Anthropic is to be examined in the latest investigation into technology tie-ups by the ***’s competition watchdog. The Competition and Markets Authority (CMA) said on Thursday that it was launching a preliminary investigation into the deal, before deciding whether to refer it for an in-depth review. The deal, announced in March, included a $4bn (£3.16bn) investment in Anthropic from This is the hidden content, please Sign In or Sign Up , and a commitment from Anthropic to use This is the hidden content, please Sign In or Sign Up Web Services “as its primary cloud provider for mission critical workloads, including safety research and future foundation model development”. The regulator said it was “considering whether it is or may be the case that This is the hidden content, please Sign In or Sign Up ’s partnership with Anthropic has resulted in the creation of a relevant merger situation”. An Anthropic spokesperson said: “We are an independent company. Our strategic partnerships and investor relationships do not diminish our corporate governance independence or our freedom to partner with others. “ This is the hidden content, please Sign In or Sign Up does not have a seat on Anthropic’s board, nor does it have any board observer rights. We intend to cooperate with the CMA and provide them with a comprehensive understanding of This is the hidden content, please Sign In or Sign Up ’s investment and our commercial collaboration.” An This is the hidden content, please Sign In or Sign Up spokesperson said: “We’re disappointed that the ***’s CMA has not ended its probe yet. This is the hidden content, please Sign In or Sign Up ’s collaboration with Anthropic does not raise any competition concerns or meet the CMA’s own threshold for review. “The early days of generative AI have largely seen one successful option available for customers. Anthropic has worked hard to become an emerging viable alternative. But, building models is expensive, and companies like Anthropic need access to a substantial amount of capital to train these models.” This is the hidden content, please Sign In or Sign Up said its investment would help increase competition in the emerging sector and that Anthropic was “free to work with any other provider (and indeed has multiple partners)”. skip past newsletter promotion after newsletter promotion Last week, the CMA announced an almost identical inquiry into This is the hidden content, please Sign In or Sign Up ’s partnership with Anthropic. It is also investigating This is the hidden content, please Sign In or Sign Up ’s unusually structured tie-ups with AI lab Inflection and OpenAI, the creator of ChatGPT. An investigation by the CMA into a deal between This is the hidden content, please Sign In or Sign Up and the French AI startup Mistral was dropped in May. This is the hidden content, please Sign In or Sign Up #regulator #examine # This is the hidden content, please Sign In or Sign Up #investment #startup #Anthropic # This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/92950-uk-regulator-to-examine-amazon-investment-in-ai-startup-anthropic-amazon/ Share on other sites More sharing options...
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