Copyright is an ancient system that is a poor legal framework for the modern world, IMO. I don't think it should exist at all. Of course as a rightsholder you are free to disagree.
If we can learn and recite information, and a robot can too, then we should have the same rules.
It's not like ChatGPT is going around writing its own copycat articles and publishing them in newsstands. If it's good at memorizing and regurgitating NYT articles on request, so what? Google can do that too, and so can a human who spends time memorizing them. That's not its intent or usefulness. What's amazing is that it can combine that with other information and synthesize novel analysis.
The NYT is desperate (understandably). Journalism is a hard hard field with no money. But I'd much rather lose them than OpenAI. Of course copyright law isn't up to me, but if it were, I'd dissolve it altogether.
Open AI is a business. NYT is a business. MS is a business. Neither will be happy when some other party takes something away from them without paying.