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The Code Conference 2023, a prominent tech event, is currently underway, featuring interviews with leading figures in the tech and business sectors.
During the event, Warner Music Group Corp (NASDAQ: WMG) CEO Robert Kyncl shared his perspective on the evolution of AI in music. He expressed optimism about integrating AI technologies in music creation and distribution shortly, the Verge reports.
AI and Music Evolution
Warner Music Group is eyeing the potential of AI in revolutionizing music creation and distribution. Kyncl's jest about the possibility of increased pricing for music services like Spotify Technology S.A. (NYSE: SPOT) highlighted the perceived value addition that AI could bring.
The integration of AI in music is not just a futuristic concept but a transformation that could unfold within the following year.
He proposed $20 monthly for a music family plan — the same price as Netflix Inc (NASDAQ: NFLX) for four.
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