00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A federal judge in California on Thursday
00:04preliminary approved a $1.5 billion
00:06settlement, resolving a copyright class
00:08action lawsuit brought by authors against
00:10Anthropik, according to Reuters.
00:12The deal, the first of its kind, marks a milestone
00:14in litigation against AI companies
00:16accused of training models with pirated material.
00:18Judge William Alsop described
00:20the settlement as fair, with final approval
00:22pending after notice to affected authors.
00:24Plaintiffs Andrea Bartz, Charles Graber,
00:26and Kirk Wallace-Johnson said the decision
00:28advances accountability.
00:29One of three leaders hailed it as a major step
00:31toward protecting creators' rights.
00:33Anthropik, backed by Amazon and Alphabet,
00:35welcomed the ruling, saying it allows the company
00:37to continue building safe AI systems.
00:39Case centered on claims that Anthropik unlawfully
00:41stored more than 7 million pirated books
00:43to trade its AI assistant, Claude,
00:45damages once estimated in the hundreds of billions.
00:48For all things money, visit Benzinga.com.
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