For some applications.

Photography didn’t make artists obsolete.

For that matter, the car didn’t make horse riding completely obsolete either.

For artists, the question is whether generative AI is like photography or the car. My guess, at this stage, is photography.

For what it’s worth I think the proponents of generative AI are grossly overestimating the utility and economic value of meh-OK images that approximate the thing you’ve asked for.