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 warnsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastPeople 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.Those working in the audiovisual sector will also see their income shrink by more than 20% as the market for generative AI grows from €3bn (A$4.9bn) annually to a predicted €64bn by 2028.Sign up for Guardian Australia’s breaking news email Continue reading...

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Dec 4, 2024 - 01:00
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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.

Those working in the audiovisual sector will also see their income shrink by more than 20% as the market for generative AI grows from €3bn (A$4.9bn) annually to a predicted €64bn by 2028.

Sign up for Guardian Australia’s breaking news email Continue reading...

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