Edit: To be more explicit, on my view both the parent and the op are right, and they don't contradict each other: We don't need new copyright legislation. We need new legal concepts.
I think both people are right: There is an overwhelming need to address the situation of artists and writers ("content creators"). Copyright is not being used because it's the right tool to do so, but because it's the only even vaguely plausible one. It's also clear that it's not sufficient.
In what way is that not sufficient?
If creating an LLM is copyright infringement, then we could say that a human reading a book is copyright infringement.
It's obvious that this technology was not considered when developing current legal concepts, so if the concepts produce unsatisfactory outcomes, they need to be reevaluated.
Why do people so easily and readily conflate the two? Is it just because it makes the AI hype sound more real, if you compare it 1:1 with a human brain?
Machines and humans are not equal or even in the ballpark of being similar in any way other than superfluous ones, and should (and already are) held by different standards, both legal and otherwise.
Do you simply disagree that there are issues worth addressing?
Also, typically the entity that carries ideas can not be owned by a cooperation. So there is a completely new relationship between property and ideas at play.
Let assume this is true. It then follows that if we train LLM on all books that are out of copyright, the LLM would be able to replace the "work of the people that produced the content" that is just about to go out of copyright. Feed this body of work back into the LLM and you should end up with something just as advance as what you get by feeding in works that are under copyright.
I'm not sure the assumption is true. But if it is true, using copyrighted material or only non-copyrighted material shouldn't result in a different situation.