Reddit sues Anthropic, Taylor Swift dethroned

Author

Noel Moldvai
June 05, 2025

TL;DR. Reddit fires the first Big Tech legal shot at an AI firm over training data, Taylor Swift dethroned as the youngest self-made female billionaire, and IBM levels up NYC’s AI scene with a major acquisition.

Reddit sues Anthropic for allegedly not paying for training data

Reddit is suing Anthropic for allegedly scraping its content without permission to train AI models. Unlike OpenAI and Google, who have paid deals, Reddit claims Anthropic ignored warnings and bypassed anti-scraping protocols—extracting data over 100,000 times. This marks the first Big Tech lawsuit targeting an AI firm over training data.

Taylor Swift unseated as world’s youngest self-made female billionaire — by a hard-partying, 30-year-old college dropout

Lucy Guo, co-founder of Scale AI, has overtaken Taylor Swift as the world’s youngest self-made female billionaire. Her 5% stake in Scale—recently valued at $25 billion—is worth $1.2 billion. Guo now runs Passes, a content platform, and is known for her intense work ethic and flashy lifestyle.

IBM acquires data analysis startup Seek AI, opens AI accelerator in NYC

IBM has acquired Seek AI to boost its enterprise AI offerings and integrate the startup into its new Watsonx AI Labs in Manhattan. The acquisition aligns with IBM’s growing focus on natural language interfaces and developer tools, as it doubles down on AI innovation and New York City’s talent ecosystem.

Why high-net-worth investors are turning to pre-IPO secondaries

More investors are looking beyond public markets and turning to private secondaries for early access to breakout companies like SpaceX and OpenAI.

Offering portfolio diversification and exposure to innovation before IPOs, secondaries are becoming an increasingly popular strategy for growth-minded accredited investors.

Quick Takes

Cheerio! Until next week.
-Noel