Acoustic instruments are going to come back in a major way. Eventually folks are going to get tired of listening to computers masturbating.

Before photography was invented, people relied on painters to capture people's images. Everyone thought photography would completely replace painters but instead, painters began to move away from the literal realistic style and experiment with abstract and surreal styles. I'm hoping something similar happens with music and AI. People who write and produce music will be able to experiment and step away from what is already possible with AI. I'm hoping we see pop acts and music in general taking more risks and doing more weird shit.

Beyond that, I think it's just a tool. When the first synths were created, they were trying to replace real brass players with a brass-like synth sound and brass players were so threatened. But then nerds got a hold of these synths and started pushing them way way beyond what they were intended to be used for. The synth evolved into its own instrument, and never replaced brass players. I see AI in music being used like this.

I already use it occasionally. My friend trained a model on a bunch of one shot samples from a sample pack and then spat out 1000 samples similar to the training material. Sometimes I sprinkle those samples into my tracks. I also use stem splitting AI to extract vocals from songs making it possible to remix music in ways that were previously not possible. Some of my friends generate 70s funk sounding tracks with AI so that they can sample them and flip them into hiphop beats avoiding and copyright issues with sampling someone's actual song.