Here come the rentseekers, feudal lords who extract rents from everything that moves. I don't like AI-based art because I find it mediocre most of the time. These rentseekers are only degrading the public's opinion of their work when they feel so enraged with people generating works with the help of AI tools. They're telling to anyone that wants to listen that they're so afraid of the lack of quality of their creations that they even fear that something created with the help of machine learning can make them loose their careers. All-in-all, they're a total shame for people who really love art.
"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.
The findings were released in Paris on Wednesday by the International Confederation of Societies of Authors and Composers (CISAC), representing more than 5 million creators worldwide.
The report concluded that while the AI boom will substantially enrich giant tech companies, creators’ rights and income streams will be drastically reduced unless policymakers step in."
#AI #GenerativeAI #Automation #Music #RentSeeking #Feudalism