www.forbes.com: Music creators will lose billions because of generative AI, the first-ever global study of the economic impact of AI on the sector shows.
The research, for the International Confederation of Societies of Authors and Composers, finds that the market for generative AI music and audiovisual content will rise from €3 billion ($3.2 billion) now to €64 billion ($67 billion) in 2028.
3 comments:
It doesn't come as a surprise to me that music creators are losing to AI generated media, but I am a little awestruck at just how much this article says creators will lose. I didn't even know that AI generated music was a mainstream thing; I personally haven't (or at least, I don't think I have) ever listened to AI generated music. It's insane to think that, as the article suggests, so much of our music in the future will be AI generated. It feels like we're rushing into AI way too fast. At the same time, it's real creators that should be supported, especially since real music goes into training AI. A while ago, I read an article on AI 'inbreeding', where machine learning models will inevitably start taking in AI generated content as learning material, thus effectively limiting how smart the model can become. If the music industry continues like this, I wouldn't be surprised if something like that happens.
I’m disappointed but not surprised that that much money is being lost. This sudden rise in AI is crazy and is detrimental to artists of all mediums. AI videos and music might feel very obvious now, but the technology is only getting better, and it's only a matter of time before the gap between human and AI work gets indistinguishable. I can see how the increase in AI will hit translators and captioners the hardest. I feel that even though the technology is getting better, it still messes up very frequently. And it's unfortunate that companies care more about saving money, that they’d rather use a worse alternative. I've heard a lot about training AI on art without permission. I think a law, like the EU has, to require permission before training is a good idea. Because it is a copyright issue. You are using other people’s work without their permission.
It is honestly really disappointing to see that music creators are loosing work to ai generated content. I can’t say I’ve ever expected artist too loose that much money to ai, especially musicians since I thought out of all concentrations of art they would be the safest against the ai movement. It’s baffling to me that at this point ai music is even generating profit since from what music I’ve heard it isn’t really good at all, I never really saw a future where ai could compete with actual musicians but I suppose that just shows how normalized ai has become in our society and how suddenly we are entering into a new era of content creation. I do think that ai music doesn’t really sound like a good idea, especially since it’s just stealing from pre existing artists hard work, it feels exploitative and will most likely undermine a lot of musicians
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