no it doesn't. If it would have teeth they would not resell copyright data. They will be busted like Kim DotCom

No AI company has been reselling copyright data to my knowledge, it would be truly bizarre if they did that.

What they have been doing, with some narrow exceptions where they have lost billions of dollars in court cases*, is not at all obviously prohibited by copyright law. Neither web scraping (i.e. asking for copies of data from people you have every reason to believe are authorized to give you copies) or running algorithms on copyrighted data are generally copyright infringment. I say generally because the "algorithm" of "ctrl-c ctrl-v" is obviously an exception, and there's some argument that training is similar enough to be illegal - a fairly weak argument that is mostly losing in court but has some tiny chance of still succeeding.

The law doesn't have teeth to prohibit things not prohibited under the law - no matter how much many people would like them to be prohibited. This shouldn't be surprising.

Unlike with copyright, the law does pretty clearly prohibit violating contractual terms to not hang onto or use other peoples data for purposes other than the narrow ones laid out in the contract when you agreed to the contract.

* Namely acquiring copies of data from people who they know aren't authorized to make copies - i.e. torrenting.