AI companies have scraped billions of copyrighted songs, scripts and images without permission and built trillion dollar businesses on the back of it. Disney is suing. The music labels are suing. Here is why this is the biggest intellectual property theft in history and what happens next.

AI may generate art and music that looks impressive, but it will never replace human creativity because it lacks genuine emotion, lived experience, and the unpredictable spark that defines real artistic expression. While AI can analyse patterns and assist creators, true creative depth remains uniquely human. This enduring human touch ensures that art forged from real feeling will continue to resonate in ways AI cannot replicate.

Milan Ehrhardt writes about how billions are flowing into music catalogue investment and most of it is going to the wrong places. Here's what the big funds get wrong, and where the real returns actually are.