AI is going to kill the recording industry soon enough.
Example: https://old.reddit.com/r/musicindustry/comments/1ao87z5/spot...
The usage of generative AI has significantly lowered the barrier to entry for the creative industry, leading to an influx of AI generated products that are easily consumable and can be used to generate revenue.
Until the platforms begin to regulate AI art, which I don't see why they would, we can expect to see more of them in the near future.
The use of generative AI should also mean that the name "creative industry" should be changed to just "industry".
- Selling products based on AI capabilities that do not yet and/or will never exist in the product
- Adding "AI" to the name of product lines with very little core functionality based on AI
- Rebranding non-generative algorithms as AI (e.g., SQL queries and if statements == AI)
- Changing the name and/or domain name of the company to imply AI capability
I look at companies with heavy trend-based advertising like C3.ai, who changed their name from a previous trend (C3.IoT), and then IBM that rode marketing waves related to Watson/Watson Health, IBM Blockchain, and now AI, and these are companies who are part of the disingenous "hoax" companies.