Technology has always been influencing the way we live and do business, but its impact has become even greater in the 21st century. Today, new systems such as machine learning and Artificial Intelligence (AI) are reshaping entire industries and music is by no means an exception here.
According to the report, the global recorded music market grew by almost 10% in 2018, making it the fourth consecutive year of growth. Such a result would be impossible without AI-powered streaming services that essentially saved the descending music business.
Now, many people are curious about one question: How much does AI influence changes in the music industry? It’s a complex topic, so keep reading to learn the effects AI leaves on labels, musicians, and listeners. (more…)