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989 points acomjean | 1 comments | | HN request time: 0.212s | source
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arjunchint ◴[] No.45143425[source]
Wait so they raised all that money just to give it to publishers?

Can only imagine the pitch, yes please give us billions of dollars. We are going to make a huge investment like paying of our lawsuits.

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Wowfunhappy ◴[] No.45143457[source]
From the article:

> Although the payment is enormous, it is small compared with the amount of money that Anthropic has raised in recent years. This month, the start-up announced that it had agreed to a deal that brings an additional $13 billion into Anthropic’s coffers. The start-up has raised a total of more than $27 billion since its founding in 2021.

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dkdcio ◴[] No.45143668[source]
maybe I’m bad at math but paying >5% of your capital raised for a single fine doesn’t seem great from a business perspective
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1. bongodongobob ◴[] No.45143757[source]
Yeah it does, cost of materials is way more than that if they were building something physical like a new widget or something. Same idea, they paid for their raw materials.