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the first AI to replicate the success of: an oscar-winning movie; a pulitzer prize novel; a tony award winning musical-- will all at once devalue the IP value of all creative content worldwide by a measurable degree. it will be like watching a global stock market crash in terms of valuation. but, as in chess, and as in go, humans will probably learn from this AI and emulate it as well.

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I'm not sure what will happen. Creative works aren't generally fungible. If I order tickets to go see Jack White play, I'm not going to be tempted by Nickelback tickets that are half the price.

you're confusing performance with the underlying intellectual property (e.g., the published song)

It's the same fungibility argument though. The market for sheet music for Willie Nelson's catalog isn't affected by the availability of other music, is it? If I want to play On the Road Again, there's only one IP owner for that.

oh got it, good point. yeah there is low substitute effect

Depends if you want _that_ music that you remember, or are looking for _some_ music that you'll like though. Once you're going into it with no prior values, price popularity and expectation of interest will dominate your choices, at which point computer generated options will be totally viable.

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