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

Topics

Boeing’s volatile bonds could outshine the defense sector next year

Boeing Co. was named a “best idea” by the U.S. investment-grade team at CreditSights on Tuesday, on expectations the troubled aerospace company can stabilize its ratings and provide a path to ...
MarketWatch - 1d
BoE governor expects four UK rate cuts next year as inflation eases

Andrew Bailey welcomes better than expected fall in price growth in FT interview
Financial Times - 8h
Striking Volkswagen Workers Numbered 'Nearly 100,000' on Monday

Employees staged warning strikes in protest against the German carmaker’s plans for potential factory closures and sweeping cuts to jobs and pay.
The Wall Street Journal - 1d
Global Airlines Too Slow to Switch to Green Jet Fuel, Study Says

The advocacy group Transport and Environment faults carriers for slow adoption rates, and oil producers for underinvesting in the sustainable aviation gas.
Inc. - 1d
Nearly 30% of US drugstores closed in one decade, study shows

New research shows that nearly three out of 10 U.S. drugstores that were open during the previous decade had closed by 2021
ABC News - 19h
Nearly 100,000 Volkswagen workers joined one-day wave of strikes

Yahoo News - 1d
Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets

Rising U.S. production and internal OPEC+ pressure limit the kingdom’s sway over prices. Trump is a new wild card.
The Wall Street Journal - 8h
Exposure to air pollution increases infertility risk, US study finds

Research shows common air pollutants can be detrimental to egg, sperm and embryo development. Maternal and paternal exposure to common air pollutants may increase the risk of infertility because it ...
The Guardian - 7h
Most Rural Hospitals Have Closed Their Maternity Wards, Study Finds

Labor and delivery units are losing money and struggling to find staff, in rural areas and large cities alike.
The New York Times - 3h