The displacement problem isn't quite there yet. While it's a good replacement for stock photo aggregators, it's not a great replacement for commissioning an actual artist. E.g. if you want a consistent look and feel for each of your images, you'll struggle. It's only the C-listers, who create heaps of bland stock photos in hopes of earning royalties, who have something to worry about.
As the technology improves, you'll see a whole new tranche of creators who are able to harness it to create amazing new things.
[1] https://superbowl.substack.com/p/the-future-of-art-is-artifi...