
The upcoming Phonorecords proceeding highlights issues in the streaming mechanical royalty rate structure, particularly regarding the treatment of AI-generated music. The Copyright Royalty Board (CRB) is called to address the implications of generative AI on existing royalty frameworks.
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CRB Urged to Address Streaming Mechanical Royalties
2 developments
OpenAI is scaling back its ambitions as investor appetite for massive AI infrastructure bets cools. The company has lowered its fundraising target from $30 billion to $20 billion, with only $11 billion secured so far against a valuation that has dropped from $1.4 trillion. This retreat signals a growing wariness among Wall Street investors regarding the capital intensity of the AI race, forcing even the most dominant players to adjust their financial expectations.