Authors will receive next to nothing too :) Only publishers.

Fifty-four known class members and over 500,000 potential class members will each receive an estimated $3,100 per work, from approximately 482,000 works.

Still too low IMO but a big upgrade

Still, paying even just the $3000 for a single book from this lawsuit is going to be quite hard when you are making zero profit whatsoever. LLM AI was unprofitable when the training data was free, they are even more so if they have to pay even a cent per item. And I really doubt it's going to stop with this one batch and payment and they can just go back to pirating the stuff for free.

Will this perhaps set a precedent for future models where authors will be able to price their work differently?

https://youtu.be/cBHouBDjqsc

Good link, but I don't think that's going to apply to any of us here 🤷‍♀️️

The claimants have deemed it acceptable.

my company gonna sue them too

Thia is to settle their infringement from when they literally torrented giant chunks of their training corpus. It has nothing to do with any sort of infringement theory based on encoding learning from material but just old fashioned liability for flagrant piracy.

Yes. A settlement means there was no finding, and no admission of guilt.

Information between you and me? Yes.

Information a trillion dollar company really wants to get their greedy hands on? Fuck you, play by the rules of the society you have shaped.