Billionaire Chairman of Digital Media Conglomerate IAC (ticker: IAC) and former Hollywood Mogul, Barry Diller, expresses his dissent with the harmful effects of generative artificial intelligence (AI) platforms such as ChatGPT. He expresses his concerns about algorithms and bots potentially scraping, repurposing, and monetizing content from various sources including People, Investopedia, and Better Homes & Gardens which he owns.
IAC is a digital media conglomerate that acts as an umbrella brand for their various technology and media businesses. It is currently owned by media mogul and billionaire, Barry Diller who is chairman and senior executive. It was founded in 1995 as a holding company to manage and oversee the multitude of Internet and media businesses that Barry Diller had collected over the years. The company has come a long way since its founding and encompasses popular brands like Match, Ask, Toolbox.com, CollegeHumor, Citysearch, The Daily Beast, Tinder, Vimeo, Tripadvisor, and Homesnap.
Barry Diller is a renowned entertainment mogul who entered the media industry in 1965. He has held various positions over the years like CEO of Fox and Paramount Pictures, Chairman of Viacom, USA Networks and IAC. He currently serves as the Chairman and Senior Executive of IAC. He is a self-made billionaire who has founded and invested in numerous successful media and technology businesses. Diller has been awarded numerous awards for his contributions to the media industry, most noteworthy being the prestigious Peabody Award in 2010.
