Why I'm Starting a New Podcast (AI Hustle)

AI Music

AI-generated music is revolutionizing the music industry by enabling the creation of new tracks using existing artists' voices. Jaeden Schafer highlights how AI tools can replicate artists like Ed Sheeran and Drake, producing studio-quality music that sounds authentic 1. This technology is already being used to create viral hits, such as a Drake and The Weeknd collaboration entirely generated by AI. Schafer notes, "This is going to happen whether people like it or not," emphasizing the inevitability of AI's role in music creation. Companies like Refusion are at the forefront, raising significant funding to develop AI-generated music tracks and visuals, offering powerful tools for creators and side hustlers alike 2.

   

Audio Tools

Audio enhancement tools like Adobe Audio Enhancer and Tape It are transforming how music and audio content are produced. These tools use AI to reduce background noise and enhance audio quality, making even amateur recordings sound professional 3. Jaeden Schafer shares his experience using Adobe Audio Enhancer to improve podcast audio, noting its ability to make a basic microphone sound studio-quality. Tape It, specifically targeting musicians, offers advanced noise reduction, allowing live performances to sound as if they were recorded in a soundproof studio 4. Schafer remarks on the impressive capabilities of these tools, stating, "It's shocking how they do it with the software to take out the background noise and then enhance audio."

   

Monetization

Monetizing AI-generated music presents new opportunities for creators, from selling custom tracks to leveraging platforms like Spotify. Jaeden Schafer discusses how creators can earn through streaming services by producing unique content, such as lo-fi beats, which can generate significant income 5. He suggests using platforms like Fiverr to offer personalized music services, such as jingles and intro songs, capitalizing on AI's ability to create diverse musical content. Schafer advises, "It's all about using the same tool, the same technology, but you just label it a hundred different things," highlighting the versatility of AI in music monetization. Licensing deals, like those being explored by Google and Universal Music, could further legitimize and expand these opportunities 6.

   

Licensing

The rise of AI-generated music necessitates new licensing frameworks to protect artists and ensure fair compensation. Jaeden Schafer discusses potential licensing agreements, such as those between Google and Universal Music, which aim to regulate the use of artists' voices in AI-generated content 7. These agreements could help prevent unauthorized use and ensure artists receive royalties, similar to Grimes' approach of allowing AI use of her voice in exchange for a share of the profits. Schafer notes, "The licensing is the right move," as it provides a structured way to manage AI's impact on the music industry. However, smaller artists may face challenges in protecting their work, highlighting the need for robust systems to support all creators 6.