Anthropic agrees to pay $1.5B to settle lawsuit with book authors

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.

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.

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

If it allowed them to move faster than their completion, I imagine management would consider it money well spent. They are expected to spend absurd amounts of money to get ahead. They were never expected to spend money efficiently if it meant taking additional months/years to get results.