Christos Makridis’ Post

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Digital Finance | Labor Economics | Data-Driven Solutions for Financial Ecosystems | Fine Arts & Technology

Sony Music Group took a major step to protect its intellectual property amidst the rising use of AI in the music industry. Good step, but still lots of issues to resolve for artists and remuneration of their own IP. Sony Music Entertainment, which owns prominent labels like Columbia Records, RCA Records, and Epic Records, has issued formal warnings to over 700 generative AI companies and streaming platforms. These notices prohibit the unauthorized use of Sony's diverse content—which includes audio recordings, musical compositions, lyrics, cover artwork, and metadata—without explicit licensing agreements. The initiative signals Sony's recognition of AI's potential and how it affects artists' and creators' rights (and ultimately Sony's revenues!). "Unauthorized use of SMG Content in the training, development, or commercialization of AI systems deprives SMG Companies and SMG Talent of control over and appropriate compensation for the uses of SMG Content," they said. This move aligns with broader industry concerns about the rapid proliferation of generative AI tools that can easily scrape copyrighted content to produce AI-generated music, potentially undermining human artistry. Sony's proactive measures aim to ensure that innovation within the music industry does not come at the expense of artists' and songwriters' rights. But, we will still need a longer term solution than a patchwork of firm policies. How does this move fit into the broader suite of firm responses to GenAI and the ongoing lawsuits? #genai #intellectualproperty #openai #sony https://lnkd.in/eSTcdB6M

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