Static 2D images that usually serve a commercial purpose. Ex logos, clip art, game sprites, web page design and the like.
And the second is pure art whose purpose is more for the enjoyment of the creator or the viewer.
Business wants to fully automate the first case and must people view it has nothing to do with the essence of humanity. It's simply dollars for products - but it's also one of the very few ways that artists can actually have paying careers for their skills.
The second will still exist, although almost nobody in the world can pay bills off of it. And I wouldn't be shocked it ML models start encroaching there as well.
So a lot of what's being referred to is more like textile workers. And anyone who can type a few sentences can now make "art" significantly lowering barriers to entry. Maybe a designer comes and touches it up.
The short sighted part, is people thinking that this will somehow stay specific to Art and that their cherished field is immune.
Programming will soon follow. Any PM "soon enough" will be able to write text to generate a fully working app. And maybe a coder comes in to touch it up.