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Global recorded music revenues reached $29.6 billion in 2024, marking a 4.8% increase, primarily fueled by subscription streaming. The International Federation of the Phonographic Industry reported a 10.6% rise in subscriber numbers, totaling 752 million worldwide. Despite a decline in physical format revenues, the growth in streaming highlights the industry's resilience and adaptability.
The report emphasizes the need for policymakers to safeguard artists against copyright infringements by AI developers. While AI presents opportunities for enhancing creativity and fan engagement, it also poses risks if used without proper authorization. The call for protective measures underscores the delicate balance between innovation and the rights of artists in the evolving music landscape.
• AI poses copyright risks for music artists and requires policy protection.
• Streaming subscriptions continue to drive growth in global music revenues.
AI refers to technologies that can simulate human intelligence, impacting creativity in music.
Generative AI creates new content, raising concerns about copyright infringement in music.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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