The Computer & Communications Industry Association released the following statement in response to the UK Competition and Markets Agency’s announcement that it is investigating Google’s $2 billion investment in AI company Anthropic. The UK’s CMA investigated a $4 billion investment in Anthropic by Amazon and later dropped the investigation after deciding that the turnover test and the share of supply test were not met.
The following can be attributed to Matthew Sinclair, CCIA Senior Director, UK:
“Another investigation by the competition regulator will create fresh uncertainty for a business that remains a challenger in a dynamic AI sector. Premature competition interventions will make it harder for new AI businesses to collaborate, innovate and grow.”
