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

Comments

• moody@lemmings.world ⁨3⁩ ⁨weeks⁩ ago

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

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  • scintilla@crust.piefed.social ⁨3⁩ ⁨weeks⁩ ago

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

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  • LadyMeow@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

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

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  • HertzDentalBar@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

    Once it starts actually generating profits id assume. Or in most cases once it gets bought out.

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    • balder1991@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Yeah, the definition is (or at least used to be) that a startup doesn’t have a business model yet.

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  • dwemthy@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

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

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• reddig33@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

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

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  • Hackworth@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

    $13B Series F

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    • Botzo@lemmy.world ⁨3⁩ ⁨weeks⁩ 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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    • reddig33@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Yikes.

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    • prole@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

      Series F

      Does this imply that it’s the sixth round?

      Goddamn.

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  • Alphane_Moon@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

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

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  • dinckelman@lemmy.world ⁨3⁩ ⁨weeks⁩ 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

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    • pdxfed@lemmy.world ⁨3⁩ ⁨weeks⁩ 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.

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  • panda_abyss@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

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

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    • reddig33@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      [deleted]

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    • Bakkoda@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

      Haha what a funny way to say massive fraud and money laundering

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• aramis87@fedia.io ⁨3⁩ ⁨weeks⁩ 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?

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  • yeahiknow3@lemmings.world ⁨3⁩ ⁨weeks⁩ ago

    Don’t be silly.

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• reksas@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

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

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• Lenggo@lemmy.world ⁨3⁩ ⁨weeks⁩ 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?

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  • douglasg14b@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Meta has more money and is apparently immune from consequences?

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    • DeathsEmbrace@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

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

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  • Jack_Burton@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

    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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• humanoidchaos@lemmy.cif.su ⁨3⁩ ⁨weeks⁩ ago

  Everyone cheering for this will see no benefit from it.

  Rubes.

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• interdimensionalmeme@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

  Now that is how you build a Mote

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• Blaster_M@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Next time don’t download the pirate library.

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  • Doomsider@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

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

    FTFY

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