As an artist I am concerned about AI image generation

Transfer learning to emulate artistic style [0] has been around for the better part of a decade and has had zero impact on artists’ livelihoods.

People consume art because they enjoy admiring the human talent that creates it, celebrating that some individuals are capable of extraordinary feats the vast majority of people are incapable of. It’s the same reason people watch sports—they enjoy admiring the top echelon of human physical ability. Very few people would watch Olympic Games performed by realistic androids.

I do agree that tools like this could eliminate mediocre graphic designers, or anyone else creating visual products that are so mundane that their viewers never bother to consider the artist. Corporate Memphis [1] designers’ days are numbered.

[0] https://blog.paperspace.com/art-style-transfer-neural-networ...

[1] https://en.m.wikipedia.org/wiki/Corporate_Memphis

The danger of tools like this is eliminating those margins. This type of automation will eliminate junior graphic designer roles and add new requirements for the experienced graphic designers. Both of these affect the job market by making it harder to get started and stay. There will always be the high end and boutique jobs. The picassos and rembrandts will continue to find work.

The starving artist who sells out to create ads or create content for commercial entities will find those opportunities dried up

A single agency using this tool effectively could "in theory" produce 500 times the artistic output from a single artist. Vastly shrinking the market for a decent paying career.