Is where we are any good? I think one of the more germane issues with generative AI art is that it is distinctly not creative. It can only regurgitate variations of what it has seen.
This is both extremely powerful and limiting.
An LLM is never going to give you some of the most famous films like "Star Wars" which bounced around before 20th Century Fox finally took a chance on it because they thought Lucas had talent. Is what we want? A society that just uses machines to produce variations of the same thing that already exist all the time? It's hard enough for novel creative projects to succeed.