there is no limited right granted that allows a IP holder to say how that IP can be processed.
There very much is. Literally all intellectual property law concerns how intellectual property may or may not be used and licensed. For example, one may not record and sell a cover of a song that is in copyright without explicit permission in the form of a mechanical license. In our industry, one may not use code that is covered by a GNU GPL license without fulfilling the source code distribution requirements (see: IBM RedHat drama).
The training data is what gives the LLM value in the problematic situations so, it is very clear that the material is a key component in the business plan and commercial use. This is not an educational, parody, or other exempt fair-use activity. This means that if any data used for training is not licensed appropriately, such use is a clear violation of intellectual property laws, even if but explicitly covered due to the technology not existing when they were written.
I am not so sure that this specific role is in any way secure, myself. You may come to the same conclusion after reading that link I provided-- pay attention to how rapidly the LLMs are growing in complexity. I do not wish for anyone to lose their financial security, even a stranger like you, but I can’t help but look at the available information and come to that conclusion.
I do agree that there are software engineering jobs at risk in the short-term due to management desire to cut labor while riding the hype train as well as US taxation on R&D but, given the widespread failures found when companies have replaced engineers and others, I have been expecting wave of desperate re-hiring to occur in 1-3 years after layoff. The particular segment that I’m involved in is generally considered high-ROI so, likely less vulnerable (but no guarantee).
I don’t see how QA could be sanely replaced though as, from my experience, it’s already frequently under-funded and, as I mentioned, for all the bad in the CRA drafts, one of the positives is that QA-related work is going to be mandatory for software and devices sold in the EU market.