I agree. I think legislation is a little loose with AI generated content.
Here is what MidJourney says about copyright as on August 1st 2022:
4. Copyright and Trademark
In this section, Paid Member shall refer to a Customer who has subscribed to the latest Phase 3 payment plan, which became available as of 5/6/22.
Rights you give to Midjourney
By using the Services, you grant to Midjourney, its successors, and assigns a perpetual, worldwide, non-exclusive, sublicensable no-charge, royalty-free, irrevocable copyright license to reproduce, prepare Derivative Works of, publicly display, publicly perform, sublicense, and distribute text, and image prompts you input into the Services, or Assets produced by the service at your direction. This license survives termination of this Agreement by any party, for any reason.
Subject to the above license, you own all Assets you create with the Services. This does not apply if you fall under the exceptions below.
Please note: Midjourney is an open community which allows others to use and remix your images and prompts whenever they are posted in a public setting. By default, your images are publically viewable and remixable. As described above, you grant Midjourney a license to allow this. If you purchase a private plan, you may bypass some of these public sharing defaults.
Exception 1: Non-Paid Members License Terms
If you are not a Paid Member, Midjourney grants you a license to the Assets under the Creative Commons Noncommercial 4.0 Attribution International License (the “Asset License”).
The full text is accessible as of the Effective Date here: Creative Commons — Attribution-NonCommercial 4.0 International — CC BY-NC 4.0.
Exception 2: Corporate-User License Terms
If you are an employee or owner of a company with more than $1,000,000 USD a year in gross revenue, and you are using the Services to benefit your Employer or company you must purchase a corporate membership plan to use the Services or copy the Assets for your company.
Corporate membership plans involve an upfront, non-refundable deposit for up to 12 months of service.
I am not an employee of any stock site, but I am a contributor. Does that exception apply to any stock contributor?
It’s a tricky question here