News Corp Australia’s CEO, Michael Miller, asserts that developers of artificial intelligence (AI) applications must pay for the news and content they use to enhance their products. In a provocative editorial published in The Australian on April 2, Miller urged content creators to avoid repeating past errors that left their industries vulnerable to tech companies profiting from their work without due compensation.
Read CRYPTONEWSLAND onGenerative AI, such as OpenAI’s ChatGPT-4, has witnessed significant growth in recent years. These chatbots process news, data, and other information to generate human-like responses to user queries. Miller contends that this trend has enabled influential digital companies to capitalize on the creative output of others without providing fair remuneration.
Miller cites OpenAI as a prime example, claiming the company has rapidly built a $30 billion business by utilizing others’ original content and creativity without proper payment or acknowledgment. He points to the Australian federal government’s News Media Bargaining Code, implemented in 2021, which mandates tech platforms in Australia to pay news publishers for the content made available or linked on their platforms.
According to Miller, similar legislation is crucial for the AI industry to ensure that all content creators receive just compensation for their work. He argues that creators from various fields, including journalism, music, literature, history, art, film, and photography, merit rewards for their original work exploited by AI engines that appropriate their style and tone.
In other news, shortly after Binance and its CEO Changpeng ‘CZ’ Zhao were sued by the United States Commodities Futures Trading Commission (CFTC) for alleged trading breaches, the cryptocurrency exchange and its CEO are now the subject of a $1 billion lawsuit. The lawsuit claims Binance, CZ, and three notable crypto influencers of pushing unregistered securities, hence igniting controversy in the industry.
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