Billionaire Barry Diller has expressed serious concerns about the use of generative AI technology, like OpenAI’s ChatGPT. Diller, who serves as chairman of IAC, the media giant that owns Dotdash and Meredith publisher, believes such tools are likely to cannibalize content from media and publishing houses. Diller spoke of the need for the industry to sue the makers of generative AI for the ingestion of text and content from articles without permission, suggesting that this conduct could amount to a form of infringement of copyright.
Federal copyright law indeed gives creators with registered copyrighted works the right to legally challenge such unauthorised use of their property. However, the application of such law to generative AI technology has yet to be tested, and as such, it remains unclear whether and to what extent copyright laws would be applied. According to Frank Gerratana, a partner at Mintz, who advises clients on intellectual property matters, it is possible that courts could issue rulings that apply copyright laws in ways which we hadn’t anticipated before.
IAC is a media giant that owns some of the world’s leading and most iconic media brands, including sites like Vimeo, Dotdash, and the Daily Beast. Founded and led by chairman Barry Diller, IAC has experienced significant success and currently has a market capitalization of more than $20 billion.
Barry Diller is a billionaire media mogul and the Chairman of IAC, the media conglomerate that owns some of the world’s leading media and publishing brands. A media veteran, Diller was the founder of Fox, home entertainment and E! Entertainment Television. One of powerful media personalities, Diller has demonstrated a deep understanding and reputation of the media and publishing industry and is able to navigate its tough landscapes. He has been an integral figure in the streaming media market and plans to continue the success of IAC through innovation and expansion.
