

Metaverse
Mint Primer | American AI bill: Is it a boon or bane for global innovation? – Crypto News
US Congressman Adam Schiff has tabled a bill proposing tech firms training AI models disclose use of any copyrighted data. It follows criticism from artists and creators on unfair use of their work by tech firms raking in billions. Can this stifle innovation? Mint explains.
What does the US bill propose?
Titled Generative AI Copyright Disclosure Act, 2024, the bill proposes that tech firms building AI models disclose the source of their data. So far, companies like OpenAI, Microsoft, Google and Meta have built large AI models, trained on trillions of data points. However, their disclosure has been an issue. The bill asks companies to disclose usage of any copyrighted data while training the AI models to a centralized ‘register’, 30 days prior to the introduction of the respective model or product. A penalty of “not less than $5,000″ has been proposed in the bill—in a move that has been welcomed so far.
So no copyrighted work can be used?
The bill does not prohibit the usage of copyrighted work in training AI models, but instead seeks to compensate original creators for their work being used in large scale, commercial AI products. Creators globally, including The New York Times, have filed lawsuits against the likes of OpenAI, alleging the use of copyrighted work. Experts say the bill is a positive move, and could help establish a uniform commercial model for everyone to follow globally. This could offer further clarity to enterprises on using AI models commercially, which may increase AI adoption going forward.
If it becomes law, will it set a precedent?
The bill will now be voted on at two levels of the US Congress. Subsequent to this, the bill would become law once it receives the US President’s signature. However, even as a bill, policymakers in India believe that the proposals create a strong precedent that can help India shape a regulatory model for AI developments across various domains.
How will it impact AI innovation?
Most stakeholders of the AI ecosystem do not see the bill as stifling innovation. Instead of creating approval bottlenecks for tech companies, experts state that the proposed Act could create a benchmarking process that would disclose how fairly an AI model has been trained. So far, training AI models remains a ‘black box’ —one that offers little definition or disclosure of details. It could also allow creators to be fairly compensated for their work—and let Big Tech train models without worrying about lawsuits.
Are there alternatives to copyrighted data?
Adobe, for its generative AI platform Firefly, has used only data that it owns. While this shows there are alternatives to using copyrighted data for AI training, general purpose AI models require wider datasets. As models get bigger, it would become harder for tech firms to avoid copyrighted data while training their models—which in turn would be used in the future commercial AI products. Copyright issues have kept generative AI’s enterprise adoption at a limited scale so far—which could now open up.
-
Blockchain1 week ago
Change In US Crypto Laws May Affect Charges In Do Kwon’s Criminal Case – Crypto News
-
others7 days ago
Gold retreats while Fed Powell and President Trump clash over interest rates – Crypto News
-
Technology1 week ago
Branded smartwatches under ₹5000 for style and functionality: Top 10 picks for everyday wear – Crypto News
-
Blockchain1 week ago
Best Crypto to Buy as Polymarket Nears $1B Valuation – Crypto News
-
others1 week ago
Tariffs may be adding a quarter of a percentage point to inflation right now – Crypto News
-
Technology1 week ago
Best laptops under ₹40,000 (June 2025) with latest processors, SSD storage, and Windows 11 features, Top 10 picks – Crypto News
-
Technology1 week ago
Top 10 air coolers for monsoon: Handpicked products for effective cooling from trusted brands – Crypto News
-
Cryptocurrency1 week ago
SHIB Price Prediction for June 26 – Crypto News
-
Cryptocurrency5 days ago
Friday charts: Retail is one-upping Wall Street – Crypto News
-
Blockchain1 week ago
Investor Anthony Pompliano Launches $1B Bitcoin Treasury Firm – Crypto News
-
Blockchain1 week ago
Anchorage to Integrate Uniswap to Wallet for Insitutional DeFi – Crypto News
-
Cryptocurrency1 week ago
Bitcoin rallies to $106K on Mideast ceasefire news; Circle shares continue explosive climb – Crypto News
-
Cryptocurrency1 week ago
What next for XRP after breaking above the $2.15 resistance? – Crypto News
-
Technology1 week ago
US judge rules Anthropic’s use of books for AI training is fair use: All you need to know – Crypto News
-
Blockchain1 week ago
Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align – Crypto News
-
others7 days ago
EUR/JPY steadies near 169.00 as traders await the next catalyst – Crypto News
-
Blockchain1 week ago
Bitcoin Wobbles? Metaplanet Buys Big, Breaks $1 Billion Mark – Crypto News
-
Blockchain1 week ago
Bearish Breakdown Meets Bullish Flag, Which Will Prevail? – Crypto News
-
Blockchain1 week ago
Bearish Breakdown Meets Bullish Flag, Which Will Prevail? – Crypto News
-
Blockchain1 week ago
Cutting Block Times To Boost Performance – Crypto News
-
others1 week ago
Bank of America, Netflix and Apple Customers Targeted by Widescale Google Search Scams: Report – Crypto News
-
Technology1 week ago
OpenAI and Jony Ive’s AI hardware ambitions hit roadblock over trademark dispute: Report – Crypto News
-
Technology1 week ago
Turkey plans stricter crypto rules to fight money laundering – Crypto News
-
others1 week ago
Winnebago Industries (WGO) tops Q3 earnings estimates – Crypto News
-
Cryptocurrency1 week ago
US Housing Chief Orders Fannie Mae, Freddie Mac to Prepare for Crypto Assessment in Mortgages – Crypto News
-
others6 days ago
AI-Focused Layer-1 Blockchain Altcoin SAHARA Flames Out Following New Binance Listing – Crypto News
-
Cryptocurrency6 days ago
TRON price forecast as USDT supply surpasses $80 billion – Crypto News
-
others1 week ago
Indian Rupee recovers as Oil falls post Iran strike, Fed dovish signals limit US Dollar strength – Crypto News
-
others1 week ago
US stocks downplay Iran retaliation concerns as indices edge higher – Crypto News
-
Blockchain1 week ago
Taker Buy Volume Spikes Sharply – Crypto News
-
Cryptocurrency1 week ago
Solana-based StarFun lets projects raise capital with crypto – Crypto News
-
De-fi1 week ago
Synaptogenix Acquires Bittensor’s TAO for AI Crypto Treasury – Crypto News
-
others1 week ago
Right now, we’re in watch and wait mode – Crypto News
-
De-fi1 week ago
Barclays to Ban Crypto Purchases via Credit Card – Crypto News
-
Cryptocurrency6 days ago
Vodafone Share Price Tests 78p Ahead of July Earnings, Is a Breakout Imminent? – Crypto News
-
others6 days ago
USD/INR drops to two-week low as Rupee gains on weak US Dollar – Crypto News
-
Cryptocurrency1 week ago
Polymarket ‘politics’ markets surge, Celestia rethinks consensus – Crypto News
-
others1 week ago
Bitcoin (BTC) and Ethereum (ETH) Lead $1,240,000,000 of Inflows to Crypto Products Despite Geopolitical Tensions: CoinShares – Crypto News
-
others1 week ago
German IFO Business Climate Index rises further to 88.4 in June vs. 88.3 expected – Crypto News
-
others1 week ago
Jerome Powell testifies Fed is well-positioned to wait to learn more about economy – Crypto News
-
Blockchain1 week ago
Aptos and Jump Crypto Launch Shelby, a Web3 Cloud Storage Platform – Crypto News
-
De-fi1 week ago
Dragonfly-Backed Codex Launches Blockchain for Stablecoins with Native USDC Support – Crypto News
-
Technology1 week ago
US judge rules Anthropic’s use of books for AI training is fair use: All you need to know – Crypto News
-
Blockchain1 week ago
Many Senators Absent From ‘Bipartisan’ Crypto Market Structure Hearing – Crypto News
-
Blockchain1 week ago
Bunker Buster: Ethereum Titans Stake $100 Million Amid US-Iran Hostilities – Crypto News
-
others1 week ago
Australian Dollar advances as US Dollar struggles following Israel-Iran ceasefire – Crypto News
-
Cryptocurrency1 week ago
BTC holds $106K; analysts point to institutional integration, on-chain innovation – Crypto News
-
Cryptocurrency1 week ago
XRP crashes 12.5% in TVL, ETF delay and war fears trigger selloff – Crypto News
-
others1 week ago
Employee at Billion Dollar Bank Embezzles $44,000 From Customer Accounts Before Being Banned From Industry – Crypto News
-
De-fi1 week ago
Sei Soars 70% as Wallet Growth and On-Chain Activity Hit New Highs – Crypto News