The Impact of AI on the Music Industry: A Double-Edged Sword
In the dynamic landscape of the music industry, artificial intelligence emerges as both a catalyst for innovation and a potential adversary to human creativity. With projections indicating AI-driven revenue in the music sector could soar to €64 billion by 2028, the economic and ethical implications of AI’s role in music creation have become a focal point of debate. As AI tools become more sophisticated, they pose challenges to traditional musicians’ livelihoods, necessitating urgent policy interventions to protect creators’ rights while embracing technological advancements.