> Collateralised Copyright Liability
Is this a real legal / finance term or did you make it up?Also, I do not follow you leap to compare LLMs to CDOs (collateralised debt obligations). And, do you specifically mean CDO or any kind of mortgage / commercial loan structured finance deal?
> nobody could see what was inside CDOs
Absolutely not true. Where did you get that idea? When pricing the bonds from a CDO you get to see the initial collateral. As a bond owner, you receive monthly updates about any portfolio updates. Weirdly, CDOs frequently have more collateral transparency compared to commercial or residential mortgage deals.The process involved in obtaining that end work is completely irrelevant to any copyright case. It can be a claim against the models weights (not possible as it's fair use), or it's against the specific once off output end work (less clear), but it can't be looked at as a whole.
https://www.federalregister.gov/documents/2023/03/16/2023-05...
So I think the law, at least as currently interpreted, does care about the process.
Though maybe you meant as to whether a new work infringes existing copyright? As this guidance is clearly about new copyright.
Who created the work, it's the user who instructed the AI (it's a tool), you can't attribute it to the AI. It would be the equivalent of Photoshop being attributed as co-author on your work.