Agreed. AI art has a very vanilla aesthetic, it doesn't excite me, I'd rather hand draw something than that (I'm shit at drawing btw). Sure it reduces the cost of production but it also reduces the value of the work imo.
If you're aim is to make the cheapest looking/sounding music possible, well there's a market for that, much like there's a market for cheap baked beans but the result will be throwaway and unlikely to make any kind of long lasting impression imo.
V4V offers the ability to do splits which is a great. If the artist is happy to contribute for points on the release that's very cool.