Analysts are starting to believe that AI may be an existential threat for the major labels. 

Masses of AI-created, or at least AI-assisted, music is already washing up on the shores of today’s digital music platforms. One AI-powered music-making startup, Boomy, says its users have created over 12 million songs since it launched in 2019. The crucial question, though, especially when contemplating AI’s potential erosion of major record company market share, is how many people are actually listening.

Source: Analysts are starting to believe that AI may be an existential threat for the major labels. Is that overly pessimistic?

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