Generative AI Threatens Significant Revenue Losses for Creators by 2028

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A CISAC report warns that generative AI could cause music and audiovisual creators to lose 24% and 21% of their income by 2028, respectively. This potential loss, amounting to Γé¼22 billion, highlights the economic threat posed by AI's ability to substitute human-created works, impacting intellectual property rights.[AI generated]

Why's our monitor labelling this an incident or hazard?

The article clearly describes realized harm caused by AI systems: unauthorized training on copyrighted works and AI-generated content displacing human creators, leading to significant income losses in creative industries. The involvement of AI in development and use is explicit, and the harm includes violation of intellectual property rights and economic harm to artists. Legal actions against AI developers further confirm the incident nature. Therefore, this event qualifies as an AI Incident rather than a hazard or complementary information.[AI generated]
AI principles
AccountabilityFairnessHuman wellbeingPrivacy & data governanceTransparency & explainabilityRespect of human rights
Industries
Media, social platforms, and marketingArts, entertainment, and recreation
Affected stakeholders
Workers
Harm types
Economic/Property
AI system task:
Content generation

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