Jim Balsillie

Were you allowed to bring a snippet forward? And if you remember, all the owners of this content were litigating from New York City to say stop Google, and Google ran the cards. And so a bunch of judicial decisions framed the opening for Google to do search.

Yeah, and that's a principle of fair use. Because when you index something and you show it forward to somebody and then give a link to that content... Is that taking away their revenue? And they argued no in the original search, but now in AI, do the weights embody expressive content that fundamentally takes away the revenue of the owner and that's- Or even replaces the owner.

Yeah, and that's a principle of fair use. Because when you index something and you show it forward to somebody and then give a link to that content... Is that taking away their revenue? And they argued no in the original search, but now in AI, do the weights embody expressive content that fundamentally takes away the revenue of the owner and that's- Or even replaces the owner.

Yeah, and that's a principle of fair use. Because when you index something and you show it forward to somebody and then give a link to that content... Is that taking away their revenue? And they argued no in the original search, but now in AI, do the weights embody expressive content that fundamentally takes away the revenue of the owner and that's- Or even replaces the owner.

Well, I mean, replaces and takes away the revenue are two sides of the same coin. And then at that point, the courts have to weigh in because intellectual property is not a natural right. It's a social bargain. whereas your physical possession is pretty much kind of a natural, right? My home is my home. It's more self-evident. It's self-evident, but these are evolving bargains for social good.

Well, I mean, replaces and takes away the revenue are two sides of the same coin. And then at that point, the courts have to weigh in because intellectual property is not a natural right. It's a social bargain. whereas your physical possession is pretty much kind of a natural, right? My home is my home. It's more self-evident. It's self-evident, but these are evolving bargains for social good.

Well, I mean, replaces and takes away the revenue are two sides of the same coin. And then at that point, the courts have to weigh in because intellectual property is not a natural right. It's a social bargain. whereas your physical possession is pretty much kind of a natural, right? My home is my home. It's more self-evident. It's self-evident, but these are evolving bargains for social good.

There's some good questions there. I mean, one is that Milton Friedman talks a lot about free markets, but that predates the knowledge-based economy and then the data-driven economy.

There's some good questions there. I mean, one is that Milton Friedman talks a lot about free markets, but that predates the knowledge-based economy and then the data-driven economy.

There's some good questions there. I mean, one is that Milton Friedman talks a lot about free markets, but that predates the knowledge-based economy and then the data-driven economy.

Well, but the issue is the nature of these laws is to introduce friction to grant monopolies. So free trade agreements in a production economy are to spread competition, right? But then these agreements went to stronger and stronger enforcement of intellectual property rights to spread monopolies.

Well, but the issue is the nature of these laws is to introduce friction to grant monopolies. So free trade agreements in a production economy are to spread competition, right? But then these agreements went to stronger and stronger enforcement of intellectual property rights to spread monopolies.

Well, but the issue is the nature of these laws is to introduce friction to grant monopolies. So free trade agreements in a production economy are to spread competition, right? But then these agreements went to stronger and stronger enforcement of intellectual property rights to spread monopolies.

And the market and the government designs and changes the definition of ownership all the time for... And the courts as well. With the courts interpreting that to... advanced state interest, so it becomes an instrument of geostrategic projection, because if you control the valuable assets, you're more secure and you're more rich.

And the market and the government designs and changes the definition of ownership all the time for... And the courts as well. With the courts interpreting that to... advanced state interest, so it becomes an instrument of geostrategic projection, because if you control the valuable assets, you're more secure and you're more rich.

And the market and the government designs and changes the definition of ownership all the time for... And the courts as well. With the courts interpreting that to... advanced state interest, so it becomes an instrument of geostrategic projection, because if you control the valuable assets, you're more secure and you're more rich.

And so it was a two-legged race, spreading liberalization of markets, capital, and labor. Yeah, which we did reasonably well at. And then enclosing and monopolizing knowledge.

And so it was a two-legged race, spreading liberalization of markets, capital, and labor. Yeah, which we did reasonably well at. And then enclosing and monopolizing knowledge.

And so it was a two-legged race, spreading liberalization of markets, capital, and labor. Yeah, which we did reasonably well at. And then enclosing and monopolizing knowledge.

But other countries did very, very well.