ABBA co-founder warns of AI impact on music industry revenue
ABBA’s Björn Ulvaeus has raised concerns about artificial intelligence potentially reducing musicians’ revenues by 20% by 2028, according to a new industry report. Daniel Thomas, writing for the Financial Times, reports that the International Confederation of Societies of Authors and Composers (CISAC) study predicts cumulative losses of €22 billion over five years for creators. The …