This legislation is important, because it creates a forum where all news media, including small news media and other news media, that are unable to even get an answer from a tech platform, or to get verified on a tech platform, will have the opportunity to negotiate.
That is one of the issues that is undervalued in this type of legislation. It is realizing just how valuable it is to create a forum for negotiation to take place, because collective bargaining in a regulatory framework increases the power of smaller news outlets.
Currently, there is no forum in which tech companies are compelled to negotiate with all outlets, other than in Australia. This is an often-overlooked benefit of this type of legislation. I think it will set a precedent for negotiation over the use of news content and data collected and used by AI systems. This is really essential as we move forward and not only try to correct for the mistakes of the social media era and news, but also look to the generative AI era.
Thank you.