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Amazon’s £3bn AI Anthropic investment investigated by UK regulator | Business News
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The UK’s competition regulator has launched an inquiry into Amazon’s investment of over £3bn into an artificial intelligence (AI) startup as regulators ramp up their scrutiny of mergers involving the fast-growing technology. The deal, which was announced by Amazon in March, included a $4bn (£3.16bn) investment into Anthropic and a commitment from the AI startup…
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Bitcoin hits another new high as UK regulator paves way for more crypto trading | Business News
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The value of Bitcoin has reached a new high, just days after the previous record was broken. On Monday morning one Bitcoin, the best-known cryptocurrency, could buy $72,219 (£56,303). Money blog:Major lenders increase mortgage rates – what’s going on? The price of the digital asset has grown 51% in the last month alone as the…
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Call of Duty maker Activision Blizzard to be bought by Microsoft as UK regulator gives green light | Science & Tech News
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Microsoft’s bid for Call of Duty maker Activision Blizzard has been given UK approval, removing a last hurdle to the biggest-ever gaming deal. The UK’s regulator, the Competition and Markets Authority (CMA), said it gave the go-ahead to after the restructured deal substantially addressed its earlier concerns. Microsoft, who make the Xbox, announced the biggest…
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Microsoft in fresh bid to get Activision Blizzard takeover past UK regulator | Business News
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The UK’s competition regulator has launched a fresh investigation into Microsoft’s proposed £55bn takeover of Call of Duty maker Activision Blizzard after the tech firm offered a new remedy in a bid to get the deal over the line. The Competition and Markets Authority (CMA) confirmed on Tuesday that it stood by its final decision…
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Alzheimer’s: First drug to slow progression of disease gains approval of US regulator the FDA | Science & Tech News
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The US Food and Drug Administration (FDA) has fully approved a drug that slows the progression of Alzheimer’s disease for the first time. The FDA has granted full regulatory approval to Leqembi – a drug by Japanese manufacturers Eisai and US drugmakers Biogen. Up to now, other approved drugs targeted only the symptoms of the…
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AI market faces investigation by UK competition regulator | Business News
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A review of the artificial intelligence (AI) market has been launched by the UK competition watchdog. Competition and Markets Authority (CMA) chief executive Sarah Cardell said the regulator’s goal was “to help this new, rapidly scaling technology develop in ways that ensure open, competitive markets and effective consumer protection.” The probe would include the models behind…
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Elon Musk says Twitter ‘may face bankruptcy’ as more staff quit and top regulator issues warning | Science & Tech News
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Elon Musk raised the possibility of Twitter going bankrupt as the company endured perhaps its most chaotic day since he took control two weeks ago. The world’s richest man outlined his concerns about the firm’s precarious financial position during his first mass call with its remaining employees, having already carried out thousands of sackings. Twitter…