AI startup Anthropic agrees to pay $1.5bn to settle book piracy lawsuit
AI startup Anthropic agrees to pay $1.5bn to settle book piracy lawsuit
www.theguardian.com
AI startup Anthropic agrees to pay $1.5bn to settle book piracy lawsuit
Comments
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Where are they getting $1.5 billion from? Is this business actually profitable?
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$500 million in run-rate revenue
Absolutely astounding that they can raise $13B on a sixth round of funding on that.
For the less finance jargon savvy, "run-rate revenue" just means projected annual revenue.
All this means they spent 3 years of revenue to make this go away.
Absolutely not a profitable business lol.
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Yikes.
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Series F
Does this imply that it's the sixth round?
Goddamn.
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Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.
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At least I can enjoy stupid corporate leaders lapping up the dogfood they're told to eat, except for the pain workers and real people suffer as a result of this yheft, trash and grift.
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Is any of that money actually going to the authors, or is this just like a fine they hand over and they donate some money to a charity or something?
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Don’t be silly.
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ah yes, a "startup" that has at least 1.5 billion
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Glad to see they have to pay up but what was different about this compared to the similar case that Meta won the other day?
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It's not really a good thing though. $1.5bil will be a drop in the bucket for them. This is a settlement, which means it won't set any legal precedence.
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Now that is how you build a Mote
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Everyone cheering for this will see no benefit from it.
Rubes.
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Next time don't download the pirate library.
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Next time don't get caught downloading the pirate library.
FTFY
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So... how long does it take before a company stops being called a startup?
Probably once they can stand on their own merits and make a profit. So never in the case of AI companies.
Lmao, right. 1.5 Billy just laying around? Probably not much of a startup anymore…
Once it starts actually generating profits id assume. Or in most cases once it gets bought out.
Yeah, the definition is (or at least used to be) that a startup doesn’t have a business model yet.
When they're weaned from the teat of round after round of investment