Generative AI is disrupting creative communities, here’s how they are fighting back
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(NEW YORK) — Generative artificial intelligence companies capable of generating creative content are also said to be disrupting the livelihoods of creatives around the world, according to a group of creatives speaking out publicly about the issue.
“The unlicensed use of creative works for training generative AI is a major, unjust threat to the livelihoods of the people behind those works, and must not be permitted, a ” statement signed by 11,500 actors, musicians, authors, photographers, and composers from across the world, read.
Julianne Moore, Kevin Bacon, Thom Yorke and Abba’s Björn Ulvaeus, are among the tens of thousands of creatives who have signed this open letter calling for these companies to stop indiscriminately training on content they say should be licensed.
“This is a major issue for many of the artists, musicians, actors, authors, and other creators whose work is being exploited by AI companies,” said Ed Newton-Rex, a former AI executive who released the statement.
As a former head of audio at Stability AI, Newton-Rex is well acquainted with the internal data training practices of generative AI companies. He resigned over the company’s belief that training their AI models on copyrighted content without licensing it constitutes “fair use.”
Generative AI models have generally scrapped as much content as they could from the internet, downloaded it and trained their model to be able to create new work that is in the style of the work it trained on, Newton-Rex told ABC News.
“None of this revenue is coming back to the original artists,” explained Overlai founder Luke Neumann in a blog post about his new mobile app which aims to protect photography in the age of AI.
Neumann, who also signed the letter, launched the free app Overlai with world-renowned photographers Paul Nicklen and Cristina Mittermeier, when they noticed text-to-image generators could easily replicate the unique styles of both photographers. And, Neumann stresses the amount of work that goes into conservationist photography – the cost of travel and spending weeks, sometimes months in a location documenting a delicate ecosystem.
“I think AI companies really need to think long and hard about like how long they’re going to need organic data and if they want to be messing with these fragile business models of the people out there capturing this stuff,” Neumann to ABC News.
Several lawsuits from creatives ranging from writers to musicians to comedians have piled up against some of the biggest generative AI companies for copyright infringement.
(WASHINGTON) — The United States has seen a significant increase in the use of clean energy over the last few years; however, Chris Wright, President-elect Donald Trump’s nominee for secretary of energy, has claimed otherwise.
Wright, chief executive of Liberty Energy — the world’s second-largest fracking services company — has made several comments chastising efforts to fight climate change. One example is a video he posted to LinkedIn last year in which he denies the existence of a climate crisis and disputes a global transition to green energy.
“There is no climate crisis, and we’re not in the midst of an energy transition either,” Wright said.
Wright has been an outspoken critic of policies aimed at curbing climate change, including the Department of Energy’s goal to reach net-zero carbon emissions by 2050.
While Wright does not dispute the existence of climate change, he has argued that policies aimed at reducing the impact of climate change are misguided and alarmist, claiming that any negative impacts of climate change are “clearly overwhelmed by the benefits of increasing energy consumption.”
But the IPCC, the world’s most authoritative body on climate change, has stated that human-amplified climate change is already affecting many weather and climate extremes in every region across the globe, and this has led to widespread adverse impacts and related losses and damages to nature and people.
And the clean energy momentum the country is experiencing will continue as alternative sources of fuel take more market share in the energy sector, experts told ABC News. That’s despite efforts by Republican politicians to bolster the fossil fuel industry in the U.S.
The Department of Energy’s website even states, “A clean energy revolution is taking place across America, underscored by the steady expansion of the U.S. renewable energy sector.”
And the world now invests almost twice as much in clean energy as it does in fossil fuels. Investment in solar panels now surpasses all other generation technologies combined, according to the International Energy Agency.
“The U.S. is definitely in an energy transition, as is the rest of the globe,” Lori Bird, U.S. energy program director at the World Resource Institute, told ABC News.
Coal is one of the industries in which the energy transition is most apparent, Bird said.
Coal plants are seeing an average of 10,000 megawatts of capacity closures per year, according to the Institute for the Energy Economics and Financial Analysis. Installed U.S. coal-fired generation capacity peaked in 2011 at 317,600 megawatts and has experienced a consistent downward trend ever since, the analysis found. In 2020, during the pandemic, coal’s share of power generation in the U.S. fell below 20% for the first time. In 2024 so far, coal’s share of power generation barely topped 16%.
“Based on current announcements and IEEFA research, we expect operating coal capacity to continue its steady decline for the remainder of the decade,” the report states.
Accompanying the sharp decrease in coal generation and usage has been the increase in capacity and storage for electricity generation from solar, wind and battery power, Bird said.
A record 31 gigawatts of solar energy capacity was installed in the U.S. in 2023 — roughly a 55% increase from 2022, according to a report by the World Resource Institute that found that clean energy continues to be the dominant form of new electricity generation in the U.S.
“Everywhere you look, in every facet of the economy, there are clean technologies ramping up and being brought to bear,” Julie McNamara, senior analyst at the Union of Concerned Scientists, told ABC News.
In addition, the Inflation Reduction Act stimulated an “unprecedented” slate for the creation of domestic clean energy manufacturing facilities, the report found. Since August 2022, 113 manufacturing facilities or expansions, totaling $421 billion in investments, have been announced, according to American Clean Power.
The Inflation Reduction Act and the Bipartisan Infrastructure Law that came before it includes tax credits for both the home and commercial installation of charging stations for electric vehicles, evidence in the growing market share for EVs, which reached 10% in U.S. automotive sales in the third quarter of 2024, Bird said.
But the federal government isn’t the ultimate decider of the energy transition in the U.S., Bird said. While there could be a slowdown in progress during the next administration, the energy transition will continue to be driven by other stakeholders “who want this to happen,” she said.
“It would be impossible to halt the energy transition at this stage,” Bird said.
States in the U.S. are also continuing to pass ambitious climate and energy policies, a trend experts expect to continue despite who is living in the White House. State actions are considered critical to ensuring a successful clean energy transition, as federal actions alone are insufficient, according to the WRI. There are 29 states that have renewable electricity standards or clean energy standards in place, and a third of U.S. states have have standards to shift to 100% clean electricity, Bird said.
At the beginning of 2023, Minnesota adopted a 100% clean energy standard, while Michigan did the same later that year, joining states like California and New York in passing permitting reforms intended to make it easier to build clean energy and transmission.
“While the federal leadership may slow some of this transition, it’s being driven by states,” Bird said.
Another critical piece of the energy transition is tech companies, which are very large users of energy. committing to using sustainable energy to power their data centers, Bird said. One example is Microsoft paying to restart one of the nuclear reactors at Three Mile Island in Pennsylvania to power the company’s AI data center.
“Those companies that are driving a lot of this want clean energy,” Bird said. “That’s not going to go away. They’re committed.”
Throughout the 2024 election, Republicans stuck to party lines when it comes to rhetoric about the fossil fuel industry, which invests heavily into GOP politicians and candidates, David Konisky, a professor of environmental politics at Indiana University’s O’Neill School of Public and Environmental Affairs, told ABC News in August. The rhetoric often includes misrepresentations on clean energy solutions rather than all-out climate denial, experts told ABC News.
The fossil fuel industry, through its lobbying in government, has attempted to slow any efforts at the energy transition, McNamara said.
“The only reason to say there’s no energy transition underway is to attempt to solidify policies and incentives that that anchor short-term profits for fossil fuel interests,” McNamara said.
Misinformation and disinformation about the climate crisis is “not helpful to the situation,” especially given that people all over the world are already experiencing the impacts of a warming climate in the form of extreme weather events, Bird said, adding that bipartisan support will be crucial going forward.
“We’re hopeful that with the new administration, that additional progress could be made,” Bird said.
ABC News’ Peter Charalambous, Matthew Glasser, Calvin Milliner and Ivan Pereira contributed to this report.
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(NEW YORK) — After waiting six months — and losing $4 billion on paper — former President Donald Trump faces a potential windfall from his social media company.
Half a year after the public company behind Trump’s Truth Social platform went public, the “lockup” agreement that prevented Trump from selling any of his 115 million shares expired on Thursday afternoon.
Beginning to sell his shares could allow Trump to profit handsomely from his stake in the company — which is currently valued at approximately $1.7 billion — but it could crater the stock for the company’s diehard supporters, many of whom invested their money in the company as a sign of their support for the former president.
At the same time, holding onto the investment would be a financial leap of faith for Trump, whose shares comprise a large percentage of his net worth but have lost billions of dollars in value over the last six months.
Asked about the choice last week, Trump vowed not to sell.
“They’re worth billions of dollars, but I don’t want to sell my shares,” Trump said. “I’m not going to sell my shares. I don’t need money.”
Trump’s choice comes amid new financial pressures and a significant reshuffling of his financial portfolio.
While Trump’s net worth has grown to $4.3 billion according to the most recent Forbes estimate, the former president owes over $560 million in civil judgments, which he is actively appealing. The majority of his personal wealth — once built on the namesake properties that shot him to fame — now stems from his shares in his social media company, Trump Media & Technology Group, which have fallen more than 70% since the company went public.
Analysts, meanwhile, have expressed concern about a further decline if Trump loses the November election.
Shares in Trump Media closed at a new low of $14.70 Thursday ahead of the lockup provision expiring, though the company enjoyed a 25% surge last week after Trump announced his plan to hold his shares.
“When he’s promised to do something, he’s kept his word,” said Jerry Dean McLain, a shareholder who purchased a hundred additional shares after Trump’s pledge. “He’s loyal to his followers — to his people — so I don’t have any reason not to believe him.”
‘Nothing like this’
Trump turned to the idea of creating his own social media company in the months following his ban from Twitter and other social media companies after the Jan. 6 attack on the Capitol. Truth Social launched in 2022, billing itself as a beacon for free speech on the internet with larger plans to expand into streaming.
“All of a sudden, I went from being No. 1 to having no voice,” Trump said about the benefit of Truth Social. “I’m not going to let that happen again.”
Despite multiple roadblocks — including a dispute with the company’s cofounders and its special purpose acquisition company paying a fine to settle fraud charges with the Securities and Exchange commission — the social media company went public in March.
Shares in the public company peaked at $66 in April, with analysts comparing the company to so-called “meme stocks” like AMC and GameStop, whose share prices surged based on investor enthusiasm rather than financial metrics.
By the summer, Trump Media’s stock price lingered around $30 before slumping to the teens in September, which some experts still believe is overvaluing the company, which only brought in $836,000 in revenue last quarter — a 30% decline from a year earlier. Based on the company’s cash per share, the stock is overvalued by 1,000%, according to University of Florida finance professor Jay Ritter.
With the company losing millions of dollars, reporting limited revenue, and offering an unproven business model, the stock’s performance has frequently tracked with Trump’s personal wins and losses. When Trump was convicted on 34 counts of falsifying business records in New York, the stock declined 14% in after-hours trading following the verdict. Shares then surged as much as 30% early trading on the Monday after Trump survived an assassination attempt in Butler, Pennsylvania.
“It’s much more of a speculative half-proxy for the former president’s reelection prospects and half kind of a long shot early-stage opportunity to get in on a potential new tech company and social media platform,” said Tyler Richey, an analyst at Sevens Report Research.
While it’s not unusual for a company’s stock price to fluctuate based on its corporate leadership, Trump’s relationship to the value of his company stands alone, according to Mike Stegemoller, a finance professor at Baylor University. Trump is the platform’s most notable user, he attracts new members to the platform, and he is the company’s largest shareholder.
“Publicly traded corporations … are somewhat dependent on personalities, but nothing like this,” said Stegemoller. “You’re getting this asset that generates cash flows, and you’re coupling that with a personality that’s pulling revenue to that asset.”
In regulatory filings, the company has acknowledged the risk of being tied to the former president. If Trump were to sell his shares or begin using another social media platform, the company’s stock value could suffer.
Trump, for his part, has vowed to continue posting on Truth Social.
“I love it. I use it as a method of getting out my word,” Trump said last week regarding the platform.
‘A much more profitable deal’
The lockup agreement that’s kept Trump from selling off his shares in the first six months is an arrangement that’s often used by public companies to prevent company leadership from taking actions that could affect the stock price, according to Ritter.
Trump’s 115 million shares means he owns more than half of the company, so selling those shares — which Trump would have to disclose within two days in a public filing — could trigger a massive selloff and tank the company’s stock price.
“As soon as folks know he’s getting out in any large amount, I would imagine shares would fall,” said Stegemoller.
According to Stegemoller, Trump’s announcement last week that he would not sell his shares is reasonable — not only because Trump likely wants the company to succeed, but also because selling his shares too rapidly could cost him money. Because he holds so many shares, Trump would be unlikely to fully offload them all before the stock price plummeted, forcing him to sell his remaining shares at a lower price.
Alternatively, Trump could slowly sell some of his shares, arrange a deal with a buyer, or use the shares as collateral for loans. Selling some of his shares would allow Trump to still own a controlling interest in the company while diversifying his portfolio, according to Stegemoller.
“Selling slowly over time in order to pull money out of his investment is a much more reasonable deal for him, and a much more profitable deal for him, too,” Stegemoller said.
Although Trump has publicly declared that he plans to hold his shares, executives in the company could consider selling their holdings, which could also impact the stock price.
“They might want to get out as quickly as possible, and rather than sell their shares gradually, it might be a rush for the exit,” said Ritter.
‘I’m not leaving’
Trump has suggested that the company’s sluggish stock performance is partially due to speculation about him stepping away from the company — a notion he tried to dispel last week.
“People think that I’m leaving. That’s why they’re down,” Trump said regarding shares in the company. “It’s different if I leave, but I’m not leaving. I love it.”
And some analysts believe the expiration of the lockup provision could prove to be a turning point for the company.
According to Richey, a recent spike in trading volume and other metrics suggest that the stock price might be reaching a bottom, while Trump’s decision to hold his shares could reassure investors.
Speculation about Trump’s chances of winning in the November election could also help the stock price.
“There’s still money in the markets supporting a Donald Trump win if you’re using the stock price as a proxy for the election outcome,” Richey said.
(STARR COUNTY, Texas) — Texas Land Commissioner Dawn Buckingham is offering the incoming Trump administration 1,402 acres the state purchased along the Texas-Mexico border to be used in a mass deportation operation.
In a letter to President-elect Donald Trump, Buckingham said she’s offering the land “to be used to construct deportation facilities.”
The Texas General Land Office purchased the plot of land from a farmer in October to facilitate Texas’ efforts to build a wall.
“My office is fully prepared to enter into an agreement with the Department of Homeland Security, Immigration and Customs Enforcement, or the United States Border Patrol to allow a facility to be built for the processing, detention, and coordination of the largest deportation of violent criminals in the nation’s history,” Buckingham wrote in the letter, dated Tuesday.
The move shows that despite the Democratic governors of California and Arizona, two other southern border states, pledging not to aid the Trump administration’s mass deportation plans, the incoming administration will have allies in Republican-led states.
Arizona Gov. Katie Hobbs told ABC News Live on Monday that she would not use state police or the National Guard to help with mass deportation.
“We will not be participating in misguided efforts that harm our communities,” she said.
Trump on Monday confirmed he would declare a national emergency to carry out his campaign promise of mass deportations of migrants living in the U.S. without legal permission, and pledged to get started on the mass deportations as soon as he enters office.
A spokeswoman for the Trump transition team said the president-elect will “marshal every lever of power” to launch his mass deportation plans.
“Local and state officials on the frontlines of the Harris-Biden border invasion have been suffering for four years and are eager for President Trump to return to the Oval Office. On day one, President Trump will marshal every lever of power to secure the border, protect their communities, and launch the largest mass deportation operation of illegal immigrant criminals in history,” Karoline Leavitt said.
In an interview with Fox News, which first reported the news of the Texas General Land Office’s offer, Buckingham reiterated she is “100% on board” with the incoming administration’s promise to deport criminals.
The plot of land is in Starr County, about 35 miles west of McAllen, Texas.
“Now it’s essentially farmland, so it’s flat, it’s easy to build on. We can very easily put a detention center on there — a holding place as we get these criminals out of our country,” she told Fox News.
