Some of the worldβs leading music publishers think that Anthropic got off too light in a historic settlement where the Claude maker paid authors $1.5 billion after admitting to pirating more than 7 million books to train AI.
β$1.5 billion is obviously not a large enough settlement to deter infringing conduct by a company that has parlayed such mass infringement into a staggering $2-trillion-dollar valuation,β music publishers said in a lawsuit filed Friday.
Music publishers suing Anthropic include Sony, EMI, and Warner Chappell. They alleged that Anthropicβs illegal torrenting also included βthousands upon thousandsβ of their copyrighted musical compositions.
Einride plans to deploy 500 Tesla Semis for Amazon and other customers. (Tesla Photo)
Amazon is quietly accumulating a stake in Einride, the Swedish electric trucking company that said Tuesday it will deploy 500 Tesla Semis for Amazon and other customers.
Einrideβs SEC filings show Amazon holding warrants for 25.2 million shares β about 12% of the company β that vest as Amazon buys freight services. The companyβs financial report Tuesday, its first since going public in June, has the warrants on its books for the first time.
An Einride spokesperson confirmed that a βwarrant contract assetβ of 1.5 billion Swedish kronor (roughly $160 million) on the companyβs balance sheet represents the Amazon warrants. It is the largest single asset on Einrideβs books, worth more than its trucks and more than its cash.
At the same time, Einride is relying heavily on Amazon for growth, forecasting a 60% to 73% year-over-year revenue increase in the second half, βfueled by the Amazon ramp and other deployments in the U.S. and Europe,β as the company said in its earnings release.
Amazon announced in April that Einride would deploy 75 electric trucks with charging at five U.S. sites in its middle-mile network, the leg between warehouses and delivery stations.
Tesla Semi rollout: Einride also said Tuesday it will deploy 500 Tesla Semis across North America, calling it the largest deployment of Teslaβs electric big rigs in the world to date. The trucks will serve Amazon and other Einride customers on freight corridors in California, Texas, New Jersey, Illinois and Georgia, rolling out in phases over two years beginning in September, financed by third parties.
Tesla Semis are already hauling some Amazon freight. Nevoya, an all-electric trucking carrier based in Southern California, says it runs Amazon loads using Tesla Semis.
Amazonβs electric semis: Amazon has been turning to other manufacturers to electrify its freight network beyond the last-mile delivery vans it buys from Rivian. It deployed nearly 50 Volvo electric semis at Southern California ports and ordered more than 200 electric big rigs from Mercedes-Benz for Europe, part of a pledge to reach net-zero carbon across its operations by 2040.
Einride, for its part, doesnβt sell trucks. It buys and finances them, hires the drivers or contracts carriers, builds the charging infrastructure, and hauls a customerβs freight for a fee β using its own software, called Saga AI, to plan routes around charging windows and battery range.
The pitch to a shipper like Amazon is that it gets electric trucking capacity without purchasing vehicles itself or creating electric charging infrastructure.
Long-term autonomy: Einride is also one of a small group of companies running fully driverless trucks in commercial service in the U.S., with Level 4 autonomous vehicles operating in Ohio and more than 5,400 driverless hours logged for customers as of June 30.
The trucks hauling Amazonβs freight, however, have drivers, as will the Tesla Semis, for now. Tesla CEO Elon Musk said on the companyβs July earnings call that self-driving capability for the Semi is about a year away. That timeline would fall inside Einrideβs two-year rollout.
Einrideβs Amazon deal: Roozbeh Charli, the Einride CEO, said on the earnings call Tuesday that the April announcement with Amazon brought a wave of new business.
The takeaway for customers about Einride was, βIf these guys can handle the complexity of Amazonβs network, they can handle ours,β he said, explaining that there was βquite a lot of inboundβ following the news.
Charli said customers rarely specify hardware, and that Einride selects truck platforms based on the routes and the data. That would suggest Einride chose the Tesla Semis, not Amazon.
The Amazon warrants did not come up on the call. The terms have been technically public since April, buried in an exhibit to Einrideβs merger filings with the SEC, but havenβt been previously reported, in part because Einrideβs prospectuses refer to Amazon as βthe Specified Party.β
Amazonβs financial arrangement with Einride follows a pattern.
The company struck a similar deal with Plug Power in 2017, taking warrants for up to 55.3 million shares that vested as Amazon bought fuel-cell equipment for its warehouses.
Amazon invested in Rivian in early 2019, then ordered 100,000 electric delivery vans from the startup later that year. The company owns about 12% of Rivian today.
Amazon did not respond to questions about the arrangement.
Editorβs Note: This story has been updated with comment from Einride. It was also corrected to note that Tesla Semis already haul Amazon freight for Nevoya, an electric trucking carrier.