Mark Gilbert , Columnist

Muzak Is Back, Only Now It's Composed by Machines

AI-generated “functional music” is serious enough to rattle all record labels.

April 14, 2023 at 4:27 PM UTC

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

Muzak.
Photographer: JOSEPH PREZIOSO/AFP

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Earlier this month, analysts at Exane BNP Paribas downgraded the shares of Universal Music Group NV, citing the risks that music generated by artificial intelligence pose to the revenue of record labels. The stock lost more than $2 billion of market value in a single day.