Ted Gioia notices that Microsoft and other tech companies are moving into book publishing, likely as a way to generate some additional revenue from their vast investments in artificial intelligence ventures over the last several years:
I never expected Microsoft to enter the book business.
But on November 18, this huge tech company quietly announced that it is now a publisher. But there was an interesting twist.
Microsoft is “not currently accepting unsolicited manuscripts”.
Let’s be totally fair. Nobody at Microsoft claims that it plans to replace human writers with AI slop. But this company has invested a staggering $13 billion in AI — it’s their top priority as a corporation.
So what you do think their goals are in the book business?
If you’re looking for a clue, I note that Microsoft’s publishing arm is called 8080 Books. Yes, they named it after the 8080 microprocessor.
How charming!
And just a few hours after Microsoft announced this move, TikTok did the exact same thing.
According to The Bookseller:
ByteDance, the company behind the video-sharing platform TikTok, has announced that it will start selling print books in bookshops from early next year, published under its imprint, 8th Note Press. 8th Note Press will work in partnership with Zando to publish print editions and sell copies in physical bookstores starting early 2025.
Here, too, nobody is claiming that they will replace humans with bots. But why would a company that has built its empire with online social media have any interest in the slow and stodgy business of selling printed books on paper?
Oh, by the way, TikTok’s parent is investing huge sums in AI. The company has even found a way around export controls on Nvidia chips. Just a few weeks before entering the book business, ByteDance’s sourcing of AI tech from Huawei was leaked to the press.
And as if these coincidences weren’t enough to alarm you, another AI publishing development happened at this same time — but (here too) with very little coverage in the media.
Tech startup Spines raised $16 million in seed financing for an AI publishing business that aims to release 8,000 books per year.
Here, too, the company says that it wants to support human writers. Maybe it will run a new kind of vanity publishing business. But is that a sufficient lure to attract $16 million in seed financing?
It’d be a rearguard action, but it’d be nice to have a requirement that publishers disclose when published works are partly or wholly AI-extruded, wouldn’t it? It would certainly help me to avoid buying books or magazines where AI hallucinations may occur in key sections …