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

(www.nytimes.com)
989 points acomjean | 1 comments | 05 Sep 25 19:52 UTC | HN request time: 0.211s | source
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arjunchint ◴[05 Sep 25 20:49 UTC] 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 ◴[05 Sep 25 20:53 UTC] 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 ◴[05 Sep 25 21:10 UTC] 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. arrty88 ◴[05 Sep 25 22:56 UTC] No.45144662[source]▶
If they are going to be making Billions in net income every year going forward, as many years as analysts can make projections for, and using these works allowed them to GTM faster/quicker/gain advantage against competitors, then it is quite great from a business prospective.