A new global economic study conducted by the Confédération Internationale des Sociétés d’Auteurs et Compositeurs (CISAC) has highlighted the threat that artificial intelligence (AI) poses to human musicians and artists in the coming years. The study predicts that by 2028, up to a quarter of musicians could see their financial revenue jeopardized by AI-generated music, resulting in a potential loss of up to €10 billion for music creators globally.
The use of generative AI is expected to enrich tech companies while significantly impacting the income of human creators, with an anticipated annual loss of €4 billion in 2028 if market penetration by AI continues at its current rate. The study suggests that streaming platforms, in particular, will see a takeover by AI-generated music as automated playlists push consumers towards non-human authored tracks.
While some may view AI tools as helpful additions to artists’ creative processes, the study warns that artists are likely to lose out financially as tech companies can create larger volumes of content at a cheaper rate through AI. Additionally, many of these AI models are trained on copyrighted works without permission from the creators, further exacerbating the issue.
CISAC is calling for policy makers to amend laws to protect the creative industries and the individuals working within them. The study’s findings highlight the need for regulations to prevent the unfair appropriation of creators’ works by AI companies, which could potentially cause great harm to human creators and their livelihoods in the future. With the rise of generative AI in music and audiovisual productions, it is crucial to strike a balance between harnessing the opportunities it presents and mitigating the potential risks it poses to human creators.
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