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Generative AI systems are rapidly producing music and audiovisual content faster and cheaper than humans. A CISAC/PMP Strategy study, presented to Greek rights group EDEM, predicts GenAI music market value will hit €40 billion by 2028, representing 20% of streaming revenues and causing a projected €10 billion income loss—25% of earnings—for creators.[AI generated]
Why's our monitor labelling this an incident or hazard?
The article explicitly discusses generative AI systems that use pre-existing copyrighted works without proper licensing, leading to economic harm and violation of intellectual property rights for creators. This fits the definition of an AI Incident because the AI system's use has directly led to harm (loss of income and rights violations). The involvement of AI is clear (generative AI producing music content), and the harm is realized and significant. Therefore, the event is classified as an AI Incident.[AI generated]