Google-Anthropic partnership raises AI competition fears in the UK
Google’s partnership with GenAI startup Anthropic is raising eyebrows in the UK as the trend of big tech giants backing young AI companies continues. The Competitions and Markets Authority (CMA) said on Tuesday that it’s collecting information on whether the partnership qualifies as a merger and negatively impacts UK competition. In October, Google-parent company Alphabet reportedly committed $2bn to the San-Francisco based startup, which has developed ChatGPT rival Claude. This followed a prior $300 investment in return for a what was said to be a 10% stake. The CMA is now asking “interested parties” to provide comments on the deal…This story continues at The Next WebOr just read more coverage about: Google
Google’s partnership with GenAI startup Anthropic is raising eyebrows in the UK as the trend of big tech giants backing young AI companies continues. The Competitions and Markets Authority (CMA) said on Tuesday that it’s collecting information on whether the partnership qualifies as a merger and negatively impacts UK competition. In October, Google-parent company Alphabet reportedly committed $2bn to the San-Francisco based startup, which has developed ChatGPT rival Claude. This followed a prior $300 investment in return for a what was said to be a 10% stake. The CMA is now asking “interested parties” to provide comments on the deal…
This story continues at The Next Web
Or just read more coverage about: Google