On The Wire: Today's Top Stories In Finance & Tech
Your daily briefing of some of the most important stories from the crypto, finance, and tech space.
A new model is needed to take into account the way AI is trained and original authors are compensated.
After almost five months of strikes, screenwriters in the US have reached a draft agreement that provides protections against the impact that AI may have on the industry, among other concerns.
The Writers Guild has reached a tentative agreement with the Alliance of Motion Picture and Television Producers to end its strike after nearly five months. The parties finalized the framework of the deal Sunday when they were able to untangle their stalemate over AI and writing… pic.twitter.com/32qj5GSrxy
— Deadline Hollywood (@DEADLINE) September 25, 2023
The Writers Guild of America (WGA) said the deal offered "meaningful gains and protections for writers". The strike has shut down most TV and film production since the summer began.
The two key issues at stake were the threat of artificial intelligence (AI) replacing writers' roles, and the need for fair compensation in the era of streaming. In short, new technologies mean the filmmaking industry has outgrown the framework within which it has operated for decades. It's thought that the walkout, which began on May 2, has cost the US around $5 billion.
It's currently unclear what exactly the protections for writers against the threat of AI to their jobs will be. WGA members still need to vote on the deal, and the Guild said that further information would only be divulged when final contract language was available.
The rapid rise of AI—from a theme of science fiction to a viable technology in the course of just a few months—raises many questions for artists and creatives, as well as most other industries. Last month a federal judge upheld a finding from the US Copyright Office that a piece of art created by AI is not open to protection. This may feed into the studios' current thinking, since any AI-generated content they produce may also be outside of copyright protections, meaning they stand to lose significant revenues on works that leverage the new technology.
One ray of hope for writers is that intellectual property law has always held that copyrights are only granted to works created by humans. There is also the complicating factor that AI applications are often trained on content scraped from the internet, and this is typically done without permission or payment.
John Grisham, Jodi Picoult and George R.R. Martin are among 17 authors suing OpenAI for “systematic theft on a mass scale,” the latest in a wave of legal action by writers concerned that AI programs are using their copyrighted works without permission. https://t.co/FOBEbaSdSO
— The Associated Press (@AP) September 21, 2023
Last week, a group of writers including John Grisham and Game Of Thrones creator George R. R. Martin filed a lawsuit against OpenAI, claiming that the company “copied plaintiffs’ works wholesale, without permission or consideration”. The copyrighted materials were fed into large language models (LLM) to train them, with the result that they could be used to create and sell derivative works—all without royalties being paid to the original writers.
Subscribe to our newsletter and follow us on Twitter.
Everything you need to know about Blockchain, Artificial Intelligence, Web3 and Finance.