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News of the Day

The New York Times has filed a lawsuit against Microsoft and OpenAI, the creator of ChatGPT, accusing them of copyright infringement for using the newspaper’s content to train their large language models without permission. The lawsuit, filed in the Southern District of New York, seeks substantial damages for the alleged unlawful use of the Times's intellectual property. The Times argues that while it acknowledges the potential of generative AI, such technology should not commercially exploit journalistic content without consent. The lawsuit claims Microsoft and OpenAI's AI models directly compete with Times content, potentially impacting the newspaper's traffic and revenue. The Times is represented by Susman Godfrey, known for its representation in high-profile cases, including Dominion Voting Systems' defamation suit against Fox News. This case adds to the growing concerns among media organizations about using their content in training AI programs like ChatGPT, Dall-E, and others, without proper licensing or compensation.

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Insight of the Day

The US is undergoing a MASSIVE silent student debt strike right now. Since payments resumed in October, 40% of people haven’t made a single payment. This is happening for a few reasons:

1. People expect their debt to be forgiving. Many saw Biden forgive billions in student loan debts. For those who weren’t helped (or those who didn’t have the entire debt forgiven), there is an expectation the government will eventually release them of their duty.

2. Americans have more credit card debt. Given the difference in interest rates, more money is going towards paying off this debt.

3. Many are purposely refusing to pay in the hopes that a “strike” will force companies to alter their payment plans or risk losing the money owed to them.

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Onwards and Upwards,

Liam Gill