, Oseary said that he understands the fears from the songwriter community that AI companies could use their work without fairly compensating them but says AI companies are still exploring business models and could develop methods that are advantageous for rights holders.“I am on the side of talent — you can’t just type in a name and pop out a song,” said Oseary. “It’s early days. We are not losing any sales right now and we are not making any sales right now.
Sound Ventures’s AI Fund’s first investments include stakes in OpenAI — the lab behind ChatGPT that was co-founded by — as well as the generative AI startup, Anthropic and Stability AI, which created the AI-powered Stable Diffusion image generator. Oseary said they are investing in companies that “plug into” ubiquitous technology companies like Google and Apple. While he has yet to meet an AI company that addresses how to compensate rights holders, Oseary said he is optimistic that companies will get there.
“Out of the last 20 companies that I’ve met with in AI, 20 out of 20 are showing me things that have nothing to do with talent,” Oseary says. “No one has really solved that problem [of paying the creators on which the technology relies].” Oseary spoke during a slot the NMPA had previously said it would be hosting a chat with Warner Music Group chief executive