What's is your take on synthetic data?

You can create our own data to use for AI and machine learning. Isn't that a better way to handle the data privacy and legal issues? Why aren't companies like OpenAI and Claude focusing more on this? Or maybe they already are, and it's just not public knowledge.

More on this: https://moez-62905.medium.com/synthetic-data-is-the-future-of-artificial-intelligence-6fcfd2ce1a14