A recent study by APRA AMCOS reveals significant concerns about AI’s impact on the music industry in Australia and New Zealand. The survey of 4,200 musicians highlights potential threats to music creation and artists’ livelihoods posed by AI technology. The study paints a worrying picture: 82% of artists are concerned about AI’s impact on their careers and finances. Projections suggest that by 2028, generative AI could threaten up to 23% of artists’ revenues, potentially leading to a cumulative loss exceeding AU$500 million.
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