Davriellelouna@lemmy.world to Technology@lemmy.worldEnglish · 19 hours agoAI startup Anthropic agrees to pay $1.5bn to settle book piracy lawsuitwww.theguardian.comexternal-linkmessage-square22linkfedilinkarrow-up1183arrow-down11
arrow-up1182arrow-down1external-linkAI startup Anthropic agrees to pay $1.5bn to settle book piracy lawsuitwww.theguardian.comDavriellelouna@lemmy.world to Technology@lemmy.worldEnglish · 19 hours agomessage-square22linkfedilink
minus-squareBotzo@lemmy.worldlinkfedilinkEnglisharrow-up33·edit-218 hours ago $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.
minus-squareHackworth@sh.itjust.workslinkfedilinkEnglisharrow-up6·18 hours agoAnthropic’s news page is educational in every sense of the word.
$13B Series F
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.
Anthropic’s news page is educational in every sense of the word.
Yikes.