They are not worried about making all artists redundant, they are worried about making most artist redundant.
Instead of needing to pay for mediocre artist to get mediocre art that's good enough for a purpose, now the AI taught on the good artist (all subjective of course) can produce similarly mediocre art that's fit for purpose.
It's equivalent to replacing all of the simple CRUD web devs with AI that does good enough job
Instead of needing to pay for mediocre artist to get mediocre art that's good enough for a purpose, now the AI taught on the good artist (all subjective of course) can produce similarly mediocre art that's fit for purpose.
It's equivalent to replacing all of the simple CRUD web devs with AI that does good enough job