Eminem, AI and me: why artists need new laws in the digital age | Alexander Hurst

I can’t can’t quote a single line from a song in my book. So how can big tech legally feast on all the lyrics ever written?In the 74,833 words of a book I am writing, there are six words that, when strung together in a specific 12-word sequence, I cannot say. It’s a single line from the song Bloodbuzz Ohio by the National, which goes: “I still owe money to the money to the money I owe.”My book is a memoir about the psychological toll that what I term “desperation capitalism” took on millennials in particular, and how it pushed tens of millions of people to try to find a way out of financial precarity by engaging in high-risk financial activity. It’s told through the lens of my own experience of falling deeper and deeper under the spell as I spent 11 months trading a few thousand dollars into more than $1.2m, and then 18 months chasing my losses all the way down to zero. Well, more than zero, in fact, since by the end I owed the US government nearly $100,000 in taxes on phantom gains that no longer existed.Alexander Hurst is a Guardian Europe columnist Continue reading...

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