so far what I've heard from AI generated music were of a pretty low technical quality, I mean it's very far from major label hits in terms of mixdowns, mastering (if there's any in the AI stuff), etc. The samples used are often noticeably cheap and don't fit the composition.
Another point already discussed here is that it's all utterly unoriginal which is natural for a rehash, which is basically what any AI generator does to generate its output.
So yeah it's still far from affecting real money makers in the music industry.
Didn't just Tupac family took down a song with AI version of him from Drake. So much for not reaching big labels.
On the other hand you are right only very big artists and very small ones will be victimized by AI.
Big name artists that have passed away for obvious reasons.
As for smaller artists... There is already places like supermarkets choosing to play AI music instead of paying for licenses for music. This is a huge blow for smaller and indie artists where another form of revenues is slowly going away. Its bad enough what streaming services like Spotify are doing to them. There is no longer any incentive apart wanting to learn and make music basically.
On the other hand how do you think new artist are going to feel when they are starting and being compared to AI music. There is truly potential for a very bleak future for the music industry.
With that said we are talking by music entirely generated by AI which is the problem here. I believe there will be regulations put in place in the future.
Smaller things like AI copying samples and evolving them for example, will take sampling on another level. There is also a huge potential when it comes to AI helping producers with randomly generated ideas.
Arpeggiators come in mind because lets face it there are some artist speaking against AI, but they use randomisers and arpeggiators, they copy other artist work (Harder not do it actually) and then they speak against AI for doing the same.
One thing is certain AI will play a big role in music...