Facebook today is asking US District Judge James Boasberg in Washington, DC to throw out a pair of antitrust cases filed by the Federal Trade Commission and a New York-led group of 46 state attorneys general, arguing that neither lawsuit has sufficiently alleged its monopoly power in the social media market. “No government lawsuit similar to this one has been brought in the 130-year history...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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