00:00You seem to have an argument that they could work in lockstep, but for now, just let's think back
00:06to how the IP relationship has been redrawn with Disney and OpenAI. Was that for positive, do you
00:12think? Ah, yes, the Mickey Mouse deal. Well, it's hard to know whether there's much substance to
00:19that deal if you look into it. We see Disney promising to invest money into OpenAI, but it's
00:27a drop in the bucket compared to the amount of money that OpenAI says it's going to spend
00:31on infrastructure and chips. And then for OpenAI's part, OpenAI says that it is licensing the
00:39Disney characters, but it's not paying any cash in the deal, just stock warrants, which
00:44is the opportunity for Disney to invest more money in the future if it wants to. So when
00:51I look at this deal, it reminds me a little of the Sorcerer's Apprentice movie. There's
00:56a lot of mopping and water going back and forth, but it's not clear to me there's anything
01:02really going on.
01:03We're living in fantasia or fantasy in some way. I'm interested, Robin. Professor, look,
01:08actually Warner Brothers, not only is it fending off simultaneous deals from Netflix and Paramount
01:13at the moment, but also it's busy suing other AI companies in lockstep with Disney and with
01:19Universal. They've been taking on a Chinese AI company, in particular, Minimax. How are we
01:25seeing IP being at the root of legal ramifications here? Is IP being protected?
01:32So the Minimax case is fascinating because the lawsuits in the United States between content
01:39creators and the generative AI companies are completely different from the one that's happening
01:44with Minimax in China. In the US, we're talking about training the models using the content.
01:50That's a little like traveling all over the world and looking at museums and studying the
01:56great artists to figure out how to create things. But Minimax, now that's different. When you
02:02talk about the output, when the output mirrors the creative content and potentially competes
02:08with the creative content, courts are likely to be much more critical of activity like that.
02:14With Minimax, we also have the complications of international relations. The US is locked in
02:21a battle with China, a cold war of types over AI that will dominate the next generation economically
02:29and from a defense possibility. So it'll be interesting to see what moves China may make.
02:36Well, this comes in the context of actually the United States president in one speech saying,
02:42look, you can't win all your IP battles at the moment. We are in a race with China. And in many
02:47ways, intellectual property has to take some sort of sideline for national security's sake.
02:53And if you can just summarize, is IP safe at this moment, Robin? Can it work together with
02:58AI innovation? IP has to change. Technology rarely moves backwards. So the challenge for
03:05intellectual property and content holders is to figure out how to work with it, use it,
03:09manage it, and take advantage of it.
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