Unsealed statements in NYT lawsuit reveal OpenAI execs called AI an 'existential threat' to journalism, sparking options activity in NYT stock
Newly unsealed statements in The New York Times' copyright lawsuit against OpenAI and Microsoft show an OpenAI executive allegedly acknowledged their chatbots were an "existential threat" to journalism by delivering information directly, while Microsoft's director of applied science reportedly described the AI training as "the largest theft of labor in human history." OpenAI co-founder Greg Brockman also allegedly expressed a desire to commercialize the technology for "gazillions" and reacted positively to an employee finding a hack around the Times' paywall. These findings significantly raise the odds of a massive settlement or a Times victory at trial. Meanwhile, the Department of Justice on September 1st filed a statement of interest arguing that training AI models on copyrighted work is fair use, citing national security concerns. Despite New York Times shares remaining flat, options
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