AI-generated art has been gaining widespread traction in the artistic and creative industry. As AI-generated content (AIGC) platforms become increasingly accessible, so too does the creation of stunning and intricate artwork. DALL-E 2, NightCafe Studio and VQGAN+CLIP are just a few of the handful of AI-powered art generators that have been making their rounds in the art scene lately. And with big players like Microsoft, Canva and Pics Art diving into the space, the future of AI-generated art looks even brighter.
On July 11-12, leaders from around the world will convene in San Francisco for an event about optimizing AI investments for success. This conference, organized by InsightSLICE, promises to inform and equip attendees on the latest advancements and trends in the AI-generated art space.
With an anticipated global AIGC market worth $38.2 billion by 2030, it’s clear the potential of AI-generated art is immense and currently untapped. AI art generators have already proven to be incredibly popular, with NightCafe Studio users generating over 75 million images and DALL-E 2’s 1.5 million users producing more than 2 million images per day.
What began with just four AI art generators in 2019 has blossomed into a multifaceted industry. AI-powered algorithms make it easy for users of all skill levels to create images from single-line text. Now, a myriad of powerful programs and apps exist (many as open source), allowing users to choose from a diverse range of artistic styles and content types.
But, this hyper-growth could be the demise of AI art generation as its own industry. The technology is rapidly approaching the point where AI will be good enough for video gaming and other mediums, meaning that the algorithms and models will be commoditized. In this case, the key to success in the space may be less about the model and more about the technology and user experience surrounding the model.
In the long run, AI-generated art may function as a feature of larger platforms and applications. However, it is clear that AI art developers, hobbyists and professionals alike will continue to monetize their art in the form of NFT collections, prints, stock photography and contract services.
Moreover, AI image generation has found its place in people’s hearts. This technology has become many’s favorite pastime and an effective form of self-therapy as well as a means of artistic expression. It has pleased users with its ability to quickly create a piece of art that brings an accompanying sense of joy and accomplishment.
Through the hosting of events like the InsightSLICE AI Investment Conference, the industry is sure to keep growing. Advances in text-to-image algorithms, digital product innovation and platform integrations are expected to revolutionize the AI-generated art industry. The ultimate goal is to democratize the art-making process further, and make it even easier for people to successfully express their creativity.
