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Anthropic tells the appeals court it faces hundreds of billions of dollars in possible damages; its CFO says it expects a multi-billion-dollar loss in 2025
After class certification, Anthropic asked the Ninth Circuit for permission to appeal and filed the petition in the district court. In it, Anthropic says the certified class covers about seven million works and that, with statutory damages of up to $150,000 per work, it "faces hundreds of billions of dollars in potential damages liability" at a trial then four months away. A sworn declaration from its chief financial officer states that Anthropic has raised about $15 billion since 2021, expects no more than $5 billion in revenue in 2025, expects to lose billions of dollars that year, and would very likely be unable to obtain an appeal bond for the full possible award. A disclosure statement says Google and Amazon each own 10% or more of the company. The case settled weeks later for $1.5 billion, covering 482,460 works. These are Anthropic's own statements about its exposure and finances as of mid-2025.
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