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Scott Aaronson spoke about this in a colloquium where he said that this was mooted at OpenAI before the decision was made by Altman to not implement it for the reasons you describe.

https://youtu.be/9udWn1Hlj_s?si=VWOiK5-y4zcyDoHI

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OpenAI will soon be adding watermarking to text as well, as it signed the EU Code of Practice on Transparency of AI-Generated Content: https://openai.com/index/advancing-responsible-ai-across-eur...
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I’m more worried that this will degrade performance. I want the best results from a model, not the results that fit a constraint that’s not defined by me. Any increased cost or latency is also unacceptable.
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There are already small models trained specifically to prevent statistical detection, e.g., https://huggingface.co/kalpeshk2011/dipper-paraphraser-xxl

I guess whoever is the policy maker is assuming that some protection is better than none and that most people will not reach for such tools.

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Either that or they want to comply with the EU AI Act when it affects them.
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