Webtagr - Technology News Summarizer

Anthropic's $1.5B Copyright Settlement Faces Judge's Scrutiny

2025-09-10

A federal judge overseeing Anthropic's proposed $1.5 billion copyright settlement is concerned about potential backroom deals disadvantaging authors. Judge Alsup postponed approval, citing insufficient information regarding the claims process and concerns about the large legal team. He demanded a detailed list of works, clearer notification procedures for class members, and a revised claim process ensuring only copyright holders opt in. This landmark AI copyright case, one of the first of its kind, faces uncertainty despite the substantial settlement amount.

(news.bloomberglaw.com)

Tech copyright dispute legal settlement massive settlement

Anthropic Settles Massive Copyright Lawsuit After Facing Existential Threat

2025-08-27

Anthropic, an AI company, settled a massive copyright infringement lawsuit stemming from the use of millions of pirated books to train its large language models. Faced with potential damages exceeding hundreds of billions of dollars after a judge approved class-action status, Anthropic yielded to immense financial pressure. The settlement highlights the significant challenges posed by current copyright laws and the potential chilling effect on AI innovation, sparking debate over necessary legal reforms in the age of AI.

(news.bloomberglaw.com)

Tech class action

JPMorgan to Charge Fintechs Hundreds of Millions for Customer Data Access

2025-07-12

JPMorgan Chase is set to charge fintech companies hundreds of millions of dollars for access to customer bank account data, a move that threatens to disrupt the industry's business models. Many fintechs rely on free access to this data; these new fees could force them to adjust their business models and potentially pass the costs onto consumers, disproportionately affecting low-income users. The move comes amid uncertainty surrounding a Biden-era open banking regulation that mandates free data sharing, but whose future is now unclear after a lawsuit and intervention from the Trump-era CFPB. JPMorgan CEO Jamie Dimon argues that third parties should pay for access and that use should be restricted. Critics argue this is an attempt to stifle competition and innovation.

(news.bloomberglaw.com)

Tech Data Sharing Open Banking

Meta Wins Copyright Case: A Victory of Strategy, Not Law

2025-06-26

Meta Platforms Inc. avoided a landmark copyright lawsuit from authors alleging its generative AI model, Llama, used millions of copyrighted books without permission for training. A San Francisco judge ruled Meta's actions fell under fair use, but cautioned this was due to the authors' ineffective litigation strategy. The ruling doesn't confirm that Meta's use of copyrighted material for AI training is universally lawful.

(news.bloomberglaw.com)

AI Llama Model