There's some very impressive youtubers who are claiming to be generating new music with AI. The one I listen to the most I very much doubt has everything 100% generated - he probably generates a bunch of melodies and other bits of track and stiches the best candidates together. They do crank out a new album basically every 2 weeks though - and has just a scant few thousand followers. They are not making money, but the music is pretty on par with bands which sell hundreds of thousands or millions of albums.
This is part of what makes me think it's the people who can cultivate the mythos, the personality, the whole experience, who are going to be the big winners in the AI music economy. Sure, maybe Gorillaz obfuscates the identity of the artists (side note: do they though? it's well known to be a supergroup), but it still is a curated experience that human creativity was leveraged to create the whole experience.