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

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Botzo@lemmy.world ⁨3⁩ ⁨days⁩ 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.

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