Artificial intelligence is increasingly seeping into every industry, and artists are looking to Congress to ensure they can get paid when their work is used in a song created by the burgeoning technology. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
The music industry is sounding the alarm over artificial intelligence. And Congress is listening to the argument that AI poses a huge threat to the livelihood of musicians, writers, producers, etc. Recent advances in AI make it easy to create “new” music using existing recordings as models. Typically, the original artists aren’t asked for permission or paid royalties, which the industry says is unfair and endangers their business.
Lawmakers are looking at updating or replacing the five-year-old Music Modernization Act, a historic piece of legislation that revamped the music royalty process to ensure that artists are paid fairly. The music industry warns that the 2018 law is quickly becoming obsolete, due to AI. Look for the issue to gain traction on Capitol Hill in the coming months. Key hearings have been held as the industry calls for royalties on AI-created music.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
Related Content
- Shouldn't Music Streaming Sites Pay Higher Royalties?
- Online AI Bootcamps Are Booming: Kiplinger Economic Forecasts
- How AI Could Have Positive and Negative Effects on Cybersecurity: Kiplinger Economic Forecasts
- AI Regulation is Looming: Kiplinger Economic Forecasts
- Where AI Can Save Businesses the Most Money
- Best AI Stocks to Buy: Smart Artificial Intelligence Investments
- Could ChatGPT and AI Change Delivery of Legal Services?
-
The Seven Best-Paying Side Gigs For RetireesIf you're worried you won't have enough saved for a comfortable retirement, or that life after work will be boring, these well-paid roles could be the answer.
-
$40,000 CD vs $40,000 High-Yield Savings Account - 3 Things Savers Should Consider NowBoth options offer risk-free methods to grow your savings. Learn how much you can earn with each, how they differ and which one suits you best.
-
Trump's Economic InterventionThe Kiplinger Letter What to Make of Washington's Increasingly Hands-On Approach to Big Business
-
AI Start-ups Are Rolling in CashThe Kiplinger Letter Investors are plowing record sums of money into artificial intelligence start-ups. Even as sales grow swiftly, losses are piling up for AI firms.
-
What is AI Worth to the Economy?The Letter Spending on AI is already boosting GDP, but will the massive outlays being poured into the technology deliver faster economic growth in the long run?
-
More Shutdown Struggles Ahead for Divided CongressThe Kiplinger Letter Failure to pass a government funding bill by September 30 would trigger a shutdown of many federal services.
-
Kiplinger Special Report: Business Costs for 2026Economic Forecasts Fresh forecasts for 2026, to help you plan ahead and prepare a budget on a range of business costs, from Kiplinger's Letters team.
-
Trump-Era Regulations Will Broaden Access to CryptoThe Kiplinger Letter The president wants to make the U.S. the leader in digital assets.
-
Big Changes Are Ahead for Higher EdThe Kiplinger Letter A major reform of higher ed is underway. Colleges are bracing for abrupt change, financial headwinds and uncertainty.
-
Breaking China's Stranglehold on Rare Earth ElementsThe Letter China is using its near-monopoly on critical minerals to win trade concessions. Can the U.S. find alternate supplies?
