The United Kingdom's Competition and Markets Authority (CMA) stated on Tuesday that under the merger rules, the collaboration between Google and the ai company Anthropic does not meet the criteria for a full investigation, and this trade will avoid further scrutiny.
According to the Zhito Finance APP, the United Kingdom's Competition and Markets Authority (CMA) stated on Tuesday that under the merger rules, the collaboration between Google (GOOGL.US) and the ai company Anthropic does not meet the criteria for a full investigation, and this trade will avoid further scrutiny. The regulator stated that Google did not have a "substantial impact" on Anthropic due to this trade. Last year, after Google's parent company Alphabet promised to invest $2 billion in the startup, the authority began to cautiously consider this partnership. Before the financing, Google also signed a significant cloud business agreement with Anthropic.
The CMA has been at the forefront of global regulators to ensure that the major bets of technology giants on the ai industry do not distort the market or lead to the emergence of a few all-powerful companies. The authority expressed concerns about the "interconnectedness" constituted by collaborations and investments in the ai field.
Although Amazon (AMZN.US)'s $4 billion investment in Anthropic was approved in September, Microsoft's (MSFT.US) investment in OpenAI is still under review by the CMA. After a relatively swift investigation, the CMA also approved Microsoft's acquisitions of Mistral and Inflection.
This decision will provide some relief to the company facing trials, as multiple antitrust cases in the usa and europe have piled up, including one that may force Google to sell its Chrome browser. The Federal Trade Commission and the European Union are also investigating various collaborations.
A spokesperson for Google did not immediately respond to requests for comments after the statement was released. Google previously stated that Anthropic could use multiple cloud providers for free and did not require exclusive technology rights.