The biggest concern is for smaller and learning artist here.
People forget there are still many artists doing small time commissions for OC design, pinups, fanfictions, etc. It's a common beginner phase for artists and now AI generated work is getting better I would imagine small studio or even individual people would rather use AI generated art tools rather than spending extra on commissions. Imagine this, name your most favorite or famous artist, they don't do commissions but you want your stuff to be drawn based on the artist style, and all you had to do is to dump the reference, tweak it a little bit on the software and and the AI will do the job for you (I've seen some of the result and the program is getting better and better). If you already an accomplished artist it wouldn't been much of a problem since you probably hired and in a "safe" position.
As for the learning artist themself, it could be really discouraging to see Ai can do something better than what they've been practicing for years. Now you don't need to learn how to draw to make art. Forget anatomy, perspective, color theory, everyone can be an expert. Some "artist" already make thousands on fanbox doing AI generated works. I would imagine the this could've been abusable in the future where as people couldn't tell the difference no more which one is Ai generated and which one is drawn by human. Cheaters doing traced art can be spotted easily, but not so much with Ai since it can "copy" your style and generate randomness.
I know this goes back to the whole decade old mindset of "digital art kills traditional art" thing which is proven not true for the most part, but there is a BIG difference between tools that help you draw easier than tools that just straight up make instantaneous results. Musicians suffer the most from this as you don't need real musicians anymore to make music and could pretty much replicate any instruments from your computer at your own comfort.
