On the plus side modern studio art is so execrable that AI laying waste to it will probably be a net positive. The human urge for expression will always find an outlet and perhaps this will channel it in new and better ways.
Definitely. There is a weird elision on the author's part that other forms of artistic creativity exist. FWIW there is plenty of room at the bottom for those artists that can pull together the tenuous threads between seemingly incompatible disciplines.