New York Times shares rose on Wednesday after the media company filed a federal copyright lawsuit against Microsoft Corp. and ChatGPT creator OpenAI in a legal action expected to shape the debate over generative-artificial-intelligence technologies. New York Times shares
NYT,
+2.59%
rose 1%, while Microsoft’s stock
MSFT,
-0.19%
fell by 0.2%.
In a suit that may have a wide impact on the future of the news-publishing business, the New York Times is seeking “billions of dollarsin statutory and actual damages” for unlawful copying of its content. The lawsuit alleges that technology companies including Microsoft and OpenAI used its content without authorization to create AI products. Microsoft launched an AI-powered chatbot, Copilot, earlier this year. The media company said the defendants in the suit avoided spending the billions of dollars that it had invested in news gathering by using that work “without permission or compensation.” Microsoft and OpenAI did not immediately comment on the suit, according to reports. [Microsoft has invested about $13 billion into OpenAI.] Gen-AI, which includes ChatGPT, was built using large-language models that tapped millions of news articles copyrighted by the New York Times, the lawsuit said. “Defendants seek to free-ride on The Times’s massive investment in journalism by using it to build substitutive products,” the lawsuit said. OpenAI’s valuation has risen to as high as $90 billion since the release of ChatGPT, the lawsuit said. The New York Times also said it attempted to negotiate a settlement with the defendants but reached no resolution. “Defendants insist that their conduct is protected as ‘fair use’ because their unlicensed use of copyrighted content to train GenAI models serves a new ‘transformative’ purpose,” the lawsuit said. “But there is nothing ‘transformative’ about using The Times’s content without payment to create products that substitute fo …
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NYT,
+2.59%
rose 1%, while Microsoft’s stock
MSFT,
-0.19%
fell by 0.2%.
In a suit that may have a wide impact on the future of the news-publishing business, the New York Times is seeking “billions of dollarsin statutory and actual damages” for unlawful copying of its content. The lawsuit alleges that technology companies including Microsoft and OpenAI used its content without authorization to create AI products. Microsoft launched an AI-powered chatbot, Copilot, earlier this year. The media company said the defendants in the suit avoided spending the billions of dollars that it had invested in news gathering by using that work “without permission or compensation.” Microsoft and OpenAI did not immediately comment on the suit, according to reports. [Microsoft has invested about $13 billion into OpenAI.] Gen-AI, which includes ChatGPT, was built using large-language models that tapped millions of news articles copyrighted by the New York Times, the lawsuit said. “Defendants seek to free-ride on The Times’s massive investment in journalism by using it to build substitutive products,” the lawsuit said. OpenAI’s valuation has risen to as high as $90 billion since the release of ChatGPT, the lawsuit said. The New York Times also said it attempted to negotiate a settlement with the defendants but reached no resolution. “Defendants insist that their conduct is protected as ‘fair use’ because their unlicensed use of copyrighted content to train GenAI models serves a new ‘transformative’ purpose,” the lawsuit said. “But there is nothing ‘transformative’ about using The Times’s content without payment to create products that substitute fo …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]