AI makes the average person a song writer in the same way that the iPhone made everyone a professional photographer.
Here's my take... the value of music died in the early 2000s. Napster was the opening salvo. These days, music holds no real value to the average listener. Right now, AI is a novel thing. A record company can pay one dud to sit in the basement and generate entire albums without the risks associated in signing a band. These days, all you need to have a hit song is a laptop and a pretty face to dance to whatever "music" you generated on said laptop.