The generated art is impressive, but there is no drawing that'll replace the one my daughter draws for me. AI generated art can reach and perhaps push the boundaries of what is considered beautiful, but it will never replace the art created by a human. Yes, there is a future for art.

There are artists who use AI art as an instrument or medium. They do considerable work tuning the inputs and post-processing and contextualizing the output.

Yes, just like there was a future for art once the photograph was invented. Certain parts of art contracted, but overall art changed and expanded.

The future of art is for you. Just as with every other occupation.

The ability to draw, paint, etc will still be highly valuable.

In fact, in a world where the average artwork is AI derived, the value of skilled artists may even go up. There's more to art than technically putting lines places.