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.

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Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

August 21, 2026

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

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Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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