Monday, July 15, 2024

AI Licensing Revolution: How This Startup Is Turning Creators into Millionaires Overnight

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Created by Humans, a new startup backed by prominent investors David Sacks, Garry Tan, and Walter Isaacson, has launched with the aim of helping creators license their work to AI companies. The platform allows authors, artists, and other content creators to monetize their intellectual property by making it available for training large language models and other AI systems.

The company was founded by Sanjay Patel, a former product manager at Google, and Ari Weinstein, previously a software engineer at Apple. They saw an opportunity to address the growing demand for high-quality training data in the AI industry while also providing a new revenue stream for creators.

Created by Humans operates on a revenue-sharing model, where creators receive a portion of the licensing fees paid by AI companies. The platform handles the complexities of licensing agreements and ensures that creators maintain control over how their work is used.

The startup has already partnered with several AI companies, including OpenAI and Anthropic, to provide them with licensed content for training their models. This approach aims to address concerns about copyright infringement and ethical use of creative works in AI development.

Investors see potential in Created by Humans’ business model, with David Sacks of Craft Ventures praising its ability to align the interests of creators and AI companies. Garry Tan, president of Y Combinator, emphasized the importance of compensating creators fairly in the AI era.

The platform is currently invite-only but plans to open up to more creators in the coming months. Created by Humans is positioning itself as a solution to the ongoing debate surrounding AI and copyright, offering a way for creators to benefit from the AI revolution while maintaining control over their intellectual property.

As the AI industry continues to grow rapidly, Created by Humans’ approach could set a new standard for how creative works are licensed and used in AI development. The company’s success may depend on its ability to attract a diverse range of creators and establish partnerships with leading AI firms.

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