I think this drastically overestimates what current AI algorithms are actually capable of, there is little to no hint of genuine creativity in them. They are currently severely limited by the amount of high quality training data not the model size. They are really mostly copying whatever they were trained on, but on a scale that it appears indistinguishable from intelligent creation. As humans we don't have to agree that our collective creative output can be harvested and used to train our replacements. The benefits of allowing this will be had by a very small group of corporations and individuals, while everyone else will lose out if this continues as is. This will and can turn into an existential threat to humanity, so it is different from workers destroying mechanical looms during the industrial revolution. Our existence is at stake here.