AI threatens the business model of creative industries, but Story Protocol wants to make it easier for everyone to share in the wealth.
Jason Zhao was working as a product manager at Googles cutting-edge AI division, DeepMind, when he realized there was a looming problem with generative AI remixing existing content into something new.
Hes since been proven correct. AI is now reading and regurgitating news articles without payment on services like Perplexity, which threatens the business model of journalism. AI is also being used to clone the vocals of artists like it did with Drake and The Weeknd for the viral track Heart on My Sleeve.
The track came within a whisker of gaining a Grammy nomination before Recording Academy CEO Harvey Mason Jr. realized that if neither the artists nor the label are getting paid, the music industry cant survive.
I think were at the point where you cant ignore these questions anymore because whats The New York Times business model? Story Protocol founder Zhao asks on the line from Palo Alto.
You have these amazing creative tools, but then you have no sustainable business model if you are an IP holder, or a platform, or an individual creator.
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