- recognizes a face
- removes a few common wrinkles, e.g. nasolabial folds (-- these in particular are the most common marker of an "aged" face, and people who don't have them or who have broad nasiolabial folds are often said to "age gracefully")
- smooths out and brightens the rest.
It's not creating or generating anything, really. Just running a very adroit filter in real time. To what extent is it, then, AI? We should be wary of the way buzzwords are inserted everywhere, I think. (Remember when it was all "nano"?)