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Writers Sue AI Company Antrophic For Copyright Infringement

by THEFUTURE.TEAM

August 22, 2024

Writers Sue AI Startup Antropphic for Copyright Infringement. The case was filed in California federal court on a complaint that the company used their books and hundreds of thousands of literary works to train the Claude chatbot.

KEY FACTS

The complaint was filed by three people—writers Andrea Bartz, Charles Graeber, and Kirk Wallace Johnson—who allege that Anthropic used pirated versions of their and other works to train Claude.
An Anthropic spokesman said the company was aware of the lawsuit but declined to comment further. The authors’ lawyer also refused to comment to Reuters.
In their complaint, the authors claim that Anthropic has “built a multi-billion dollar business by stealing hundreds of thousands of copyrighted books.

ACCENT

The lawsuit filed Monday is the second against Anthropic. In October of last year, a complaint by Universal Music accused the startup of committing systemic violations by using copyrighted song lyrics.

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TANGENT

This isn’t the first time a tech company has come under fire from copyright laws over the way it trains its AI models. In March this year, Google was fined a whopping €250m for breaches of EU intellectual property rules after media outlets such as France Presse complained that the tech giant had been training its Gemini chatbot on media posts and news agencies without the companies being notified.

Visual artists are also suing tech companies that train their AI models on their works.

The Future Forbes Realty Global Properties

Chime’s Nasdaq Debut: A 37% Leap in the Fintech Arena

by News Editor

June 13, 2025

Chime set to debut on Nasdaq

On June 12, 2025, Chime had a groundbreaking debut on Nasdaq, where its shares surged by an impressive 37%. Initially priced above the expected range at $27, the shares closed the day at $37.11, setting a new market cap of $13.5 billion. From a valuation of $25 billion in its last venture round, this IPO marks a recalibration for Chime amidst evolving market dynamics.

The offering raised roughly $700 million, with an additional $165 million from existing shareholders. Despite the lower valuation, CEO Chris Britt highlights Chime’s commitment to serving Americans earning $100,000 or less, often overlooked by traditional banks. “We help our members avoid fees, access liquidity, and build savings,” Britt stated confidently.

Chime’s strong revenue momentum, with $518.7 million reported last quarter and a revenue increase by 32% year-over-year, underscores its growth potential. The company also achieved $25 million in adjusted profitability, improving its profit margin by 40 points over the past two years.

Chime now stands among fintech giants like eToro and Circle, rekindling investor interest in fintech IPOs. The future looks promising as other players like Klarna and Bullish eye public offerings.

For further insights into fintech innovation and investment opportunities, explore European Banking Evolution: Cyprus as a Catalyst for Regulatory Innovation and discover how Cyprus continues to play a pivotal role in financial advancements.