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Music sector workers to lose nearly a quarter of income to AI in next four years, global study finds
AI boom will enrich giant tech companies but creators’ rights and income will be drastically reduced unless policymakers intervene, report warns
People working in the music sector will lose almost a quarter of their income to artificial intelligence within the next four years, according to the first global economic study examining the impact of the emerging technology on human creativity. The report concluded that while the AI boom will substantially enrich giant tech companies, creators’ rights and income streams will be drastically reduced . The Australian and New Zealand governments were singled out by the CISAC president, former ABBA band member Björn Ulvaeus, who said the two countries were leading the world in shaping policies that will safeguard creators in the face of generative AI.
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