Skip to main content

Will high-paid artists be the biggest casualty of AI?

May 25, 2024

Yes, high paid artists, which most humans love and hate at the same time, will be the biggest and dearest casualty and collateral damage of the imminent rise of artificial intelligence (AI). Who would pay a high price for will have an almost unlimited supply? AI is already producing art that rivals, if not already surpasses, the art produced by humans. This applies to paintings, music, literary works, and more. This trend can only be expected to continue increasing as AI becomes more sophisticated in the next decades.  

Interestingly, most humans may welcome this change and democratization of art. Most humans get equally outraged and inspired when fellow humans become super high paid artists profiting handsomely  of their "fine arts". Humans, after all, are primates, clever social creatures that do not necessarily enjoy seeing others succeed while they stagnate. 

In most if not all art categories, a new truth is surfacing. AI is becoming a "rock star" superior, more prolific, and incredibly cheaper than human artists. The best opportunities will be for art entrepreneurs that can find ways to capitalize on the art produced by AI. 

AI is quickly becoming the new intellectual property "slave" of this generation. AI is already producing art (e.g. paintings, music, literature, etc) that is at least as good as the art produced by artistic humans. That is the situation today in May 2024. Can you imagine the art industry scene ten years from now, in 2034? What about 20 years from now, in the 2040s? 

It is up to you to create that future that you envision. Money does not grow on trees; money grows of bank accounts based on property rights. It is up to you to create the fortunes that you dream of so that you can afford buying collectible art pieces. Oh, hold on, maybe buying expensive art is not a big thing 20 years from now. Maybe AI will change the fine art market. What do you think? Whatever you believe may happen, bet some on the opposite happening. Life is unpredictable. The future has not been created yet and is uncertain by nature.

Stay tuned. 

www. creative.one 


Comments

Post a Comment

Popular posts from this blog

When will the Tesla bubble burst?

December 11, 2024 When will the Tesla bubble burst?  We don't know Fools rush in. It's impossible to know exactly when the Tesla bubble will finally burst. Unfortunately for us at Creatix, we began shorting Tesla too soon. We are down almost 40% on our position as of today. We are not fooling ourselves thinking that we were ever make money on the short position. We truly doubt that Tesla can go down 40% any time soon.  We would love to add to the short position, but it would exceed our $3,000 limit on the stupid bets that we do for fun. We're not Mr. Beast. We have a very limited budget for ridiculousness. We would love to short Tesla tomorrow morning at the ridiculous share price of $424. Tesla is trading at an incredible 116 times earnings, which gives Tesla a market capitalization of $1.32 Trillion. Elon Musk added today $13.4 billion to his fortune. Yes, $13 billion in one day. Yesterday, he had added $11 billion. Yes, that's $24 billion in 2 days.  Six months ago, ...
Post a Comment
Read more

Will prices go up or down during the Second Coming of Trump?

December 12, 2024 Will prices go up or down during the Second Coming of Trump? President-elect Donald Trump has acknowledged the difficulty of reducing grocery prices, stating, "It's hard to bring things down once they're up."  Lower Energy Costs and Better Logistics Trump hopes that lower energy costs and improved supply chains may prevent significant price increases on food. However, many economists believe that Trump's tariffs on foreign countries and massive deportation of illegal immigrants, which include millions of undocumented farm workers, will increase food prices.  Additionally, while Trump emphasizes the role that potentially lower energy prices may have in food costs, experts note that energy constitutes a relatively small portion of food production expenses. Energy prices may also increase despite experts forecasting that they will stay relatively low or go further down. After all, economists and financial experts are wrong often, almost all of the t...
Post a Comment
Read more

Is there a Tesla bubble?

December 10, 2024 Is there a Tesla bubble? You bet. As of December 10, 2024, Tesla (Ticker: TSLA) is approaching an all-time high valuation, with a current share price of $401. The record closing price stands at $410, achieved on November 4, 2021. This gives the American electric car maker a market capitalization of $1.26 Trillion.  Tesla is trading at 110 times earnings. The average price to earnings ratio in the "traditional" automotive industry (excluding Tesla, and also excluding Chinese car makers) is about 6.7. That is, while almost all car makers in the world trade at 7 times earnings in average, Tesla is trading at 110, which is 15 times the industry average.  Major Automakers (Excluding Tesla and Chinese car makers) ranked by P/E: Subaru Corporation (Ticker: 7270.T): 12.0 Suzuki Motor Corporation (Ticker: 7269.T): 10.0 Toyota Motor Corporation (Ticker: TM): 9.70 Isuzu Motors Limited (Ticker: 7202.T): 9.0 Honda Motor Co., Ltd. (Ticker: HMC): 8.0 Mazda Motor Corporatio...
Post a Comment
Read more