tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Anthropic judge rejects proposed $1.5B AI copyright settlement, Bloomberg says

A judge has rejected Amazon (AMZN)- and Alphabet (GOOG) (GOOGL)-backed Anthropic’s $1.5B copyright settlement over concerns that class lawyers are striking a deal behind the scenes that will be forced on authors, Bloomberg Law’s Annelise Levy reports. Judge William Alsup at the hearing said the motion to approve the deal was denied without prejudice, but in a minute order after the hearing said approval is postponed pending submission of further clarifying information. During the first hearing since the deal was announced on September 5, Alsup said he felt “misled” and needs to see more information about the claim process for class members. The Fly notes that the proposed deal marks the first settlement in a string of lawsuits against tech companies including OpenAI, Microsoft (MSFT), and Meta Platforms (META) over their use of copyrighted material to train generative AI systems.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1