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AI copyright codes stall in the UK, US strikes against Iran-backed militants, and the challenges faced by European banks. Turkish central bank chief resigns, interest rate impact on banks and commercial real estate market, and provisions made by banks for potential losses.
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- The UK government's attempt to establish a code of conduct for AI models using copyrighted material has faced opposition from artists and tech groups, highlighting the challenge of balancing protection for the creative industry and AI development.
- Turkey's central bank governor's abrupt resignation and replacement raise concerns about the country's future monetary policy and President Erdogan's stance on interest rates, with speculation of personal favoritism and conflicts being cited as potential reasons for the departure.
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Stalled UK Code of Conduct for AI and Copyright
The UK government's attempt to establish a code of conduct for how AI models can use copyrighted material has hit a roadblock. The government agency overseeing copyright laws failed to reach an agreement with artists and tech groups. Artists, authors, and musicians are concerned that AI models could reproduce their work without adequate compensation. This highlights the challenge of balancing the protection of the creative industry and the development of AI.
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