It's not that you can't create good art with any tool, it's just that the economy and expectations change with the tools available, and the tools being faster/cheaper doesn't translate into better art.
To be precise, the tool and the artist are two different things. You can make crap with brushes or PS, and you can make art too.
AI is a tool too. What I build with it is orders of magnitude less important/interesting compared to what a talented artist can build with it.