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Davriellelouna@lemmy.world to Technology@lemmy.worldEnglish · 1 day ago

AI startup Anthropic agrees to pay $1.5bn to settle book piracy lawsuit

www.theguardian.com

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AI startup Anthropic agrees to pay $1.5bn to settle book piracy lawsuit

www.theguardian.com

Davriellelouna@lemmy.world to Technology@lemmy.worldEnglish · 1 day ago
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Settlement could be pivotal after authors claimed company took pirated copies of their work to train chatbots
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  • reksas@sopuli.xyz
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    6 hours ago

    ah yes, a “startup” that has at least 1.5 billion

  • humanoidchaos@lemmy.cif.su
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    15 hours ago

    Everyone cheering for this will see no benefit from it.

    Rubes.

  • Lenggo@lemmy.world
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    20 hours ago

    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?

    • douglasg14b@lemmy.world
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      16 hours ago

      Meta has more money and is apparently immune from consequences?

      • DeathsEmbrace@lemmy.world
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        11 hours ago

        No if you pay the president enough he will let you commit crimes against humanity.

  • moody@lemmings.world
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    1 day ago

    So… how long does it take before a company stops being called a startup?

    • scintilla@crust.piefed.social
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      21 hours ago

      Probably once they can stand on their own merits and make a profit. So never in the case of AI companies.

    • LadyMeow@lemmy.blahaj.zone
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      24 hours ago

      Lmao, right. 1.5 Billy just laying around? Probably not much of a startup anymore…

    • dwemthy@lemmy.world
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      22 hours ago

      When they’re weaned from the teat of round after round of investment

  • reddig33@lemmy.world
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    1 day ago

    Where are they getting $1.5 billion from? Is this business actually profitable?

    • Hackworth@sh.itjust.works
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      1 day ago

      $13B Series F

      • Botzo@lemmy.world
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        1 day 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.

        • yes_this_time@lemmy.world
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          6 hours ago

          500 million was specific to Claude Code, they are at 5 billion annual run rate and growing

          • Botzo@lemmy.world
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            4 hours ago

            I see. That definitely makes 13B way more sane.

        • Hackworth@sh.itjust.works
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          1 day ago

          Anthropic’s news page is educational in every sense of the word.

      • reddig33@lemmy.world
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        1 day ago

        Yikes.

    • Alphane Moon@lemmy.world
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      1 day ago

      Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.

    • dinckel@lemmy.world
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      1 day ago

      Wouldn’t doubt it for a second. They create a product they can easily gaslight all the corporate chumps into buying, and by the time they realize there’s 0 roi on it, it’s already too late

      • pdxfed@lemmy.world
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        7 hours ago

        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.

    • panda_abyss@lemmy.ca
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      1 day ago

      They just did a fundraising round and raised like $13b

      • reddig33@lemmy.world
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        1 day ago

        deleted by creator

        • panda_abyss@lemmy.ca
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          1 day ago

          If I could pirate a bunch of content then pay back only 10% of the value while pocketing the rest I’d be thrilled

          • Dave.@aussie.zone
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            22 hours ago

            This is just the cost of doing business for Anthropic.

            No particular material harm to the business. Declare the matter settled, everything is fine and dandy, and now they have carte blanche to rape and pillage the next village dataset.

  • aramis87@fedia.io
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    1 day ago

    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?

    • yeahiknow3@lemmings.world
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      23 hours ago

      Don’t be silly.

  • interdimensionalmeme@lemmy.ml
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    21 hours ago

    Now that is how you build a Mote

  • Blaster M@lemmy.world
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    20 hours ago

    Next time don’t download the pirate library.

    • Doomsider@lemmy.world
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      4 hours ago

      Next time don’t get caught downloading the pirate library.

      FTFY

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