

Copyright has not, was not intended to, and does not currently, pay artists.
Wrong in all points.
Copyright has paid artists (though maybe not enough). Copyright was intended to do that (though maybe not that alone). Copyright does currently pay artists (maybe not in your country, I don’t know that).
His personal race is over? Oooohhhh, so sorry for him.
AI is not over at all. Maybe he himself will not become the ruler of the world now. No loss.