Anthropic Has An AI Copyright Indemnity Clause
Amazon and Google this year invested millions in a San Francisco startup that develops large-scale artificial intelligence (AI) systems. Its name is Anthropic, and this week it told investors to expect more than $850 million in annualized revenue by end of 2024.
That is more than an eightfold increase in monthly revenue compared with the $500 million predicted in September of this year, according to an investor memo reviewed by The Information. The media company said the projection comes during a fundraising round led by Menlo Ventures, which could land the company around $750 million in capital at a $15 billion pre-investment valuation.
Anthropic’s Claude AI platform uses large language models (LLM) to return conversational-type text and analyze documents. The company generates revenue from selling access to Claude, its large language model (LLM).
Unconfirmed reports put Notion, Quora, and DuckDuckGo on the list of customers.
Last month, during a five-day online conference on decoding artificial intelligence chatbots hosted by the Mobile Marketing Association and presented by Caleb Briggs and Rex Briggs, Claude was demonstrated to be one of the best chatbots in its ability to summarize a very large PDF file.
Claude 2, which launched in August, is available to customers running on Amazon Bedrock, an Amazon Web Services (AWS) product. Customers using this include LexisNexis, Lonely Planet, and Ricoh USA.
Anthropic is undergoing a hiring frenzy, with more than a few dozen job openings, but like other AI companies, it faces challenges as well as the responsibility to develop the technology without harm.
Reportedly, its leadership team left OpenAI over disagreements related to AI safety.
Last week, Anthropic introduced a “simplified Commercial Terms of Service with an expanded copyright indemnity.” It also introduced an improved developer experience with the launch of a beta Messages API.
Its Commercial Terms of Service enable customers to retain ownership rights for any output “they generate through their use of our services and protect them from copyright infringement claims,” which has been a controversial topic in the news of late.
The updated terms are intended to defend Anthropic customers from any copyright infringement claim made against them for their authorized use of its services or their content outputs.
Anthropic also said it will pay for any approved settlements or judgments that result. These new terms go into effect on January 1, 2024 for Claude API customers and January 2, 2024 for those using Claude through Amazon Bedrock.
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