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The IFPI has raised concerns about the potential threats AI poses to human artistry, urging policymakers to protect music and creativity. CEO Victoria Oakley emphasized the need to harness AI's potential to enhance rather than replace artistic expression. The organization reported a 4.8% growth in global recorded music revenue, driven by subscription streaming, during the launch of its Global Music Report.
Oakley highlighted the dual nature of AI, noting its ability to foster creativity while also posing risks like music piracy. Universal Music Group and Sony Music Entertainment executives discussed their cautious optimism regarding AI's role in the industry, stressing the importance of developing ethical frameworks and business models that respect artists' rights. The industry faces significant challenges ahead in balancing innovation with the protection of creative works.
• IFPI calls for policies to protect music and artistry from AI threats.
• Universal Music and Sony Music discuss AI's potential and risks in the industry.
Generative AI refers to systems that create new content, which can enhance artistic creativity.
Copyright protects creators' rights, crucial in discussions about AI using copyrighted music.
Music piracy involves unauthorized use of music, a concern heightened by AI technologies.
IFPI represents the global recorded music industry, advocating for policies that protect artists.
Universal Music Group is exploring AI's potential while ensuring copyright protections for artists.
Sony Music Entertainment is optimistic about AI's opportunities while emphasizing ethical considerations.
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