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WSJ Tech News Briefing

TNB Tech Minute: Google’s $2 Billion Anthropic Investment Cleared by U.K.

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 19 November 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, it’s not just data centers—networking capabilities need upgrades for AI too. And how AI is playing a role in preparing for earnings day. Belle Lin hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

exchanges, the Goldman Sachs podcast featuring exchanges on the forces driving the markets and the economy,

0:07.8

exchanges between the leading minds at Goldman Sachs. New episodes every week. Listen now.

0:16.5

Here's your T&B Tech Minute for Tuesday, November 19th. I'm Bell Lynn for the Wall Street Journal.

0:23.6

Antitrust officials in the UK say they will not open an in-depth investigation into Google's

0:29.3

investment in the artificial intelligence startup anthropic. The decision removes pressure from

0:34.8

the California tech giant to justify the partnership to regulators.

0:39.0

The competition and markets authority launched a merger inquiry last month to establish whether

0:44.0

Google's investment and its partnership with the startup posed a threat to competition in the country.

0:50.7

Officials concluded the partnership doesn't qualify for investigation under Britain's merger provisions.

0:56.5

It's not just Google and Anthropic, though.

0:58.9

Deals between U.S. tech giants and AI startups have been increasingly under the microscope on both sides of the Atlantic since late 2022.

1:07.5

The coming wave of AI usage won't just strain data centers and power grids.

1:12.4

It will also stress the country's network capabilities.

1:15.9

That's because more people will use AI chatbots and agents.

1:20.0

And all that requires upgraded networking.

1:22.5

That can involve an entire revamp of networking equipment, plus new software tools and working with internet providers

1:29.4

to increase capacity. Those upgrades will push the global data center networking market from

1:35.2

roughly $35 billion to nearly $119 billion by 20303. That's according to market research

1:43.2

firm Straits Research. And as investors gear up for

1:47.4

chipmaker and Viti as earnings tomorrow, they may be surprised to learn that AI is also playing a

1:52.9

role in earnings day prep. Investor relations departments at companies such as the shoe brand

1:58.4

sketchers have begun using generative AI to help prep their

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