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Yes, and if the same come ends up in someone else's hands, they can state "we didn't steal it, a GenAI generated it for us, the same as it did for you". Given the non-deterministic operation of current GenAI systems (a major difference from compilers), it would probably be hard to prove either position.
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So employees are not allowed to distribute the code, but if it leaks, then it is public and the company cannot do anything about it. Correct? That's what happened to Anthropic I think?
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