It's art without an artist. Or maybe rather more accurately it's huge amounts of other peoples art put through a blender and reconstituted into a solid block of art product. Actually, yeah, it's the equivalent of spam, the tinned meat product. It has its uses, but it doesn't taste good to most people, and there are a few die hard fans.

Doing image editing/compositing/art yourself is just more genuine. It doesn't have to be the adobe product, there's tons of editors and art programs out there. Stumbling through gimp patching and editing a meme together gives the end result some charm imo. YMMV, but that's how I see it and I think a lot of others do to. Where AI generated imagery shines is utilitarian areas. Generating tokens for npcs in ttrpgs, rapidly iterating through concepts for a design, that sort of thing.