Market Chatter: Alphabet's Google, OpenAI Face Setback as Indian Government Panel Proposes AI Royalty for Content Creators

MT Newswires Live12-09 19:21

Alphabet's (GOOG) Google and Microsoft (MSFT)-backed OpenAI are facing a setback as an Indian government panel has proposed that AI companies be required to pay content creators a share of revenue for using their work to train models, Reuters reported Tuesday.

The panel reportedly said on Monday that AI firms should only be allowed to access Indian content for training if they pay royalties to a central body representing copyright holders.

The plan is being reviewed by Indian government officials while the industry and public have 30 days to challenge it, according to Reuters.

Google and OpenAI did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment