Nope, that's also incorrect. You get to decide what you think is art, but not what others consider art to be. That is the nature of subjectivity: your opinion holds no weight over others.
Also, AI is maybe only the last straw as Silicon Valley and the digital sphere was already "transforming" the creative industry, cp this piece: https://www.theatlantic.com/magazine/archive/2015/01/the-dea...