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There's already legal requirements in the EU that you must publish what goes into your training set. This information must apparently be publshed before the august 2 next year.
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Guess the solution is to not do it and simply pay fines (or not pay fines, if you don't have any EU operations).
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Yes, unfortunately. I don't really understand this obsession with regulations that involve fines. One would think that people would have the courage to make laws that either ban things or don't.

I think the fines will effectively be mandatory though, even with no obvious EU operations.

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They simply have way too much incentive to train on anything they can get their hands on. They are driving businesses, that are billions in losses so far. Someone somewhere is probably being told to feed the monster anything they can get, and not to document it, threatened with an NDA and personal financial ruin, if the proof of it ever came out. Opaque processes acting as a shield, like they do in so many other businesses.
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