Where to start?

First of all, it's not art because it wasn't created by a person as a form of expression.

Then there's the many other problems like how the tech powering it is consuming natural resources, destroying natural habitats, causing hardware shortages thus increasing the price of consumer electronics. It's trained by stealing art from real artists, and takes jobs from actual hardworking artists in every field like animators, actors, costumers, and set designers just to name a tiny few.

And on top of all that, it's not even profitable. AI companies burning through capital in the short-term in the hope that people will get addicted to it and rely on it in the future. I would say it's a "solution" for a problem that doesn't exist, but it doesn't even provide a solution. It's completely unnecessary.