Comment on AI startup Anthropic agrees to pay $1.5bn to settle book piracy lawsuit
reddig33@lemmy.world 6 months ago
Where are they getting $1.5 billion from? Is this business actually profitable?
Hackworth@sh.itjust.works 6 months ago
prole@lemmy.blahaj.zone 6 months ago
Series F
Does this imply that it’s the sixth round?
Goddamn.
Botzo@lemmy.world 6 months 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.
yes_this_time@lemmy.world 6 months ago
500 million was specific to Claude Code, they are at 5 billion annual run rate and growing
Botzo@lemmy.world 6 months ago
I see. That definitely makes 13B way more sane.
Hackworth@sh.itjust.works 6 months ago
reddig33@lemmy.world 6 months ago
Yikes.
Alphane_Moon@lemmy.world 6 months ago
Monopoly money using image generation ML tech for the design. Special partnership with HP for printing these notes.
dinckelman@lemmy.world 6 months 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 6 months 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 6 months ago
They just did a fundraising round and raised like $13b
Bakkoda@sh.itjust.works 6 months ago
Haha what a funny way to say massive fraud and money laundering
reddig33@lemmy.world 6 months ago
panda_abyss@lemmy.ca 6 months 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