That means lawsuits, prison sentences, and millions in fines. And that's just the piracy part, there's also the lying/fraud part.
Interestingly, a Dutch LLM project was sent a cease and desist after the local copyright lobby caught wind of it being trained on a bunch of pirated eBooks. The case unfortunately wasn't fought out in court, because I would be very interested to see if this could make that copyright lobby take down ChatGPT and the other AI companies for doing the same.