David Gerardtoday's (unreleased, likely ~spring 2024) legal opinion article: AI models are likely uncopyrightable (no human hand) and too easy to reverse-engineer for trade secrets to work. So the VC billions are going into stuff they can't own. Which is the funniest possible result.
Bruno Nicoletti@davidgerard They will throw an enormous amount of money at lawyers in an attempt to challenge, along with lobbying to change it. My fear is that those efforts may very well succeed. If you remember Sunak fawning over Musk while being obviously totally out of his depth, I wouldn’t put it past him to bend over backwards for the techbros.