XM does not provide services to residents of the United States of America.

UK starts probe into Amazon's AI partnership with Anthropic



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-UK starts probe into Amazon's AI partnership with Anthropic</title></head><body>

Adds Amazon's response in paragraph 3 & 4

Aug 8 (Reuters) -Britain's competition watchdog said on Thursday it had started an investigation into whether Amazon's AMZN.O partnership with AI startup Anthropic raised competition, days after it began a similar probe on Alphabet's collaboration with the startup.

The Competition and Markets Authority (CMA) said it now had until Oct. 4 for its so-called Phase 1 decision to either refer the artificial intelligence (AI)-focussed partnership for a deeper probe or clear it of competition concerns.

"Amazon's collaboration with Anthropic does not raise any competition concerns or meet the CMA's own threshold for review," an Amazon spokesperson said in an emailed statement.

"Amazon holds no board seat nor decision-making power at Anthropic, and Anthropic is free to work with any other provider (and indeed has multiple partners)," the spokesperson said, echoing comments from an Anthropic spokesperson.

"Our strategic partnerships and investor relationships do not diminish our corporate governance independence or our freedom to partner with others," the Anthropic spokesperson said.

"We intend to cooperate with the CMA and provide them with a comprehensive understanding of Amazon's investment and our commercial collaboration."

Late in July, CMA launched a probe into Google parent Alphabet's GOOGL.O partnership with Anthropic, which was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei.

Antitrust regulators around the world have been increasingly concerned by multiple deals struck between smaller industry startups and big tech giants.

Regulators in the United States, European Union and Britain signed a joint statement in July promising to work together to safeguard fair competition in the industry.



Reporting by Prerna Bedi and Yamini Kalia in Bengaluru; Editing by Savio D'Souza

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.