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Hedgie
@HedgieMarkets
🦔 Making financial nonsense make sense, one prickly take at a time 🦔 | Weekly newsletter: | Not financial advice (I'm a Hedgehog)
가입 March 2025
41 팔로잉 중    70.9K 팬
🦔Someone is buying Japanese used books by the ton. Not novels or comics. Philosophy, history, medical law, Edo-period cultural texts. Multiple buyer accounts all ship to one logistics center in Okayama Prefecture that won't answer questions. Export records show over 50 tons, roughly 100,000 volumes, shipped to the US since last year. No buyer has been identified. Separately, court documents confirmed Anthropic's "Project Panama" bought millions of books in the US, cut the spines off, scanned them, and shredded the originals. An internal memo said the goal was to "destructively scan all the books in the world." Similar operations have been reported across Europe. My Take Anthropic's US book operation came out in court filings earlier this year. Project Panama. Millions of books, cut the spines off, scanned, shredded. Their VP chose the codename so nobody outside the company would find out. That story broke and apparently the same operation just moved to Japan. Anonymous buyer accounts, a warehouse in Okayama that won't take questions, and 100,000 volumes of specialized academic texts that nobody buys to resell. I don't know how you build a trillion-dollar industry on material you had to acquire in secret through middlemen because you knew the public would object. Authors spent years on those books and now they're fed through a scanner and thrown away so a chatbot can sound smarter. If the data was free to use, they wouldn't need codenames and anonymous warehouses. The lawsuits over who owns this material have barely begun and I think the copyright exposure across the whole AI industry is enormous. Anthropic's internal memo said the goal was every book in the world, which describes the foundation of the product. Hedgie🤗
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