Long-term I think the real problem for artists will be corporations generating their own high quality targeted datasets from a cheap labor pool, completely outcompeting them by a landslide.
The poorest people have historically produced great art. Training a model, however? Expensive. Running it locally? Expensive. Paying the sub? Expensive.
Nothing is being democratized, the only thing this does is devaluing the blood and sweat people have put into their work so FAANG can sell it to lazy suckers.
sorta like what the laptop did for writing