I'm not saying it's not cynical, but it's surely not wrong. He just said what everyone in the business was already thinking.
First they violate the law. Then they ignore it. Then ignoring it becomes the new norm. Then the new norm becomes the new law.
We need people who really value creation, democracy, etc and not pure capitalism, profit optimization, etc.
"Everyone in the business" - you mean, the AI training business? Paraphrasing a famous call-girl, "They would say that, wouldn't they?"
This isn't even limited to tech. Rich people at worst settle with money to break the law, and at best completely get off scot free doing things that would put much pettier offenders behind bars. I steal some bread from a store and go to jail. Some rich dude commits millions in fraud and cover up and still runs for president.
Drowning out creativity on the internet with remixed word salad will only be profitable for a short while. After which, people will start looking for human-created stuff, and avoid ai as much as possible. And slowly, it will become possible. Just like adblockers slowly advance.