OpenAI’s impressive software took the internet by storm late last year with its ability to generate human-like responses to just about any text prompt you throw at it, from crafting stories to coming up with chat-up lines. The creator of ChatGPT is releasing an upgraded version of the AI behind its powerful chatbot that can recognise images.
Overall, revenue for recorded music in 2022 increased by 6%, according to the report released by the Recording Industry Association of America (RIAA), driven largely by streaming but also by physical music format sales.
Recorded music revenue in the US grew for the seventh consecutive year and reached a record high of $15.9bn. It was the 16th consecutive year of growth for record sales, about 71% of physical format revenues. Only 33 million CDs were sold, amounting to $483m. Just over 41 million vinyl records were sold in 2022, to the tune of $1.2bn (£.99bn). Vinyl record sales outperformed CDs in the US for the first time since 1987, according to a new report.
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