Key Takeaways
- Google genitor Alphabet faces scrutiny from U.K. regulators surrounding nan tech giant's business pinch artificial intelligence (AI) startup Anthropic.
- The U.K.'s antitrust watchdog agency said Tuesday it is examining whether nan business represents a merger script that negatively affects competition.
- The news comes aft a number of different partnerships betwixt large tech companies and AI companies person attracted attraction from regulators successful nan U.K., nan U.S., and nan European Union amid title concerns.
Google genitor Alphabet (GOOGL) is facing scrutiny from U.K. regulators surrounding nan tech giant's business pinch artificial intelligence (AI) startup Anthropic.
The Competition and Markets Authority (CMA), nan U.K.'s antitrust watchdog agency, said Tuesday it's examining really nan business betwixt Alphabet and Anthropic could person efficaciously resulted successful a merger business that would negatively effect title successful nan region.
Google's Anthropic Deal Is Latest Big Tech AI Partnership To Draw Regulatory Attention
The news comes aft a number of different partnerships betwixt large tech companies and AI startups person attracted scrutiny from regulators successful the U.K., the U.S., and the European Union.
Earlier this month, U.K. regulators opened an investigation into Microsoft's (MSFT) hiring of erstwhile Inflection AI labor and related agreements. The Federal Trade Commission (FTC) is besides reportedly investigating Microsoft's actions pinch Inflection AI to find if they violated antitrust rules for M&A.
Microsoft's ongoing partnership with ChatGPT maker OpenAI has drawn nan attraction of title regulators arsenic well.
Alphabet shares were small changed successful intraday trading Tuesday pursuing nan news. The banal has gained astir 21% since nan commencement of nan year.