Billionaire media mogul and Chairman of IAC (ticker: IAC) Barry Diller is greatly alarmed by the power of generative artificial intelligence, or AI. He is strongly concerned with the potential of algorithms and bots to scrape, repurpose and monetize content from both his own publications such as People, Investopedia, and Better Homes & Gardens, but also other news businesses.
IAC is an American-based media and internet company founded in 1995 by Diller. Its businesses are divided into several types of internet services and media. The company operates numerous popular websites and digital businesses, providing products such as online dating services and online real estate, amongst many others. The company is currently headquartered in New York City, and has over two-hundred and seventy million monthly users worldwide.
Diller is a Hollywood mogul and influential businessman in the fields of entertainment and news. He has had a particularly prominent impact on the news business, previously working as the senior executive of Fox Broadcasting Company and Fox Inc. over the four years between 1984-1988. Since then, he has gone on to continued success, working in the fields of Vision, News Corporation, Expedia Group and now IAC. His backing to the industry, combined with his now known industry-wide push against ChatGPT, is an example of his importance as an industry leader and supplier of creative services.
