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techcrunch.com · low

Disney to hire majority of Character.AI staff as bankrupt chatbot startup faces litigation and regulatory pressure

Character.AI filed for bankruptcy earlier this week, and Disney has agreed to make employment offers to at least 60 of its employees, the majority of the workforce, at an estimated $60 million in annual compensation. A legal filing spotted by Bloomberg says the "vast majority" of those offered jobs accepted. Disney had previously agreed t…

techcrunch.com · low

Meta removes commercial terms clause that appeared to allow scraping of business account domains for AI training

Meta updated its commercial terms of use to state it could "use any content from a business account's domains, web pages, or URLs" to provide, develop, improve, research, train and maintain its products and services. Legal experts quoted by Nieman Lab read this as a "remarkable provision" that could let Meta scrape any publisher with a Me…

techcrunch.com · low

Anthropic announces public benefit fund backed by 5% of its shares

Anthropic announced on Sunday that it is creating a "public benefit fund" to give the company "increased flexibility and scale" to support projects for societal good. The fund is a wholly owned entity within the company and will receive 5% of Anthropic's shares, with the option to add a further 2% for every 50% increase in the company's v…