""Although the songs and listeners were fake, the millions of dollars Smith stole was real. Millions of dollars in royalties that Smith diverted from real, deserving artists and rights holders.""
""Smith's brazen scheme is over, as he stands convicted of a federal crime for his AI-assisted fraud.""
AI-generated music has been artificially inflating listenership on streaming platforms through bot networks. These bots listen to AI music to generate royalties that should go to human artists. Prosecutors are now addressing this issue, with Michael Smith pleading guilty to creating hundreds of thousands of AI songs and using bots to stream them billions of times. He fraudulently obtained over $8 million in royalties. Smith faces up to five years in prison and has agreed to forfeit his earnings from the scheme.
Read at Futurism
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