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by chrisaiv
10 days ago
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In many ways this adds to Anthropic’s motivation to IPO. This deal is built around Anthropic surviving. The $1.5B comes in installments, and counsel’s fees are paid in step with those installments. The class is now effectively Anthropic’s creditor, with a direct financial interest in the company staying solvent through the payment schedule. Civil suits compensate and the one outcome guaranteed to leave authors worse off was a verdict big enough to kill the payer. |
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