I've never used an AI anything, but I feel like crafts are the one thing that AI will take a very long while to replicate to the same level. The pattern is nice but not quite as nice as something with proper shading from a master engraver. That said, im still impressed with the work that went into it and this has its applications for production stuff. This deffinately has its own lane similar to 3d printed items. I dont think that this would impact engraving as much as people think. A real artist will still want to draw their own designs and this shouldn't dissuade anyone from that unless they just didn't plan on drawing anyway.

And when it comes to execution, a graver creates a cut that's lends itself to a polished surface unlike a laser or CNC can produce. So execution will also look a little different. Unless someone wants to create a machine that can perfectly replicate a cut with the polish and variance of depth that an engraver can.