Google parent Alphabet's partnership with Anthropic cleared by UK watchdog
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The UK Competition and Markets Authority has approved Alphabet's partnership with AI research firm Anthropic, allowing Alphabet to acquire non-voting shares, provide convertible debt financing, and sign agreements for compute and AI model distribution.
November 19, 2024 | 2:00 pm
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Alphabet has received approval from the UK CMA to partner with Anthropic, allowing it to acquire non-voting shares and engage in AI model distribution, potentially enhancing its AI capabilities.
The approval from the UK CMA allows Alphabet to strengthen its position in the AI sector through a strategic partnership with Anthropic. This could enhance Alphabet's AI capabilities and market position, likely leading to a positive short-term impact on its stock price.
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