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IconFactory is a boutique design studio that focus on app icons. Their business is being replaced by AI.
This is the challenge of GenerativeAI: it replaces creative work (or automates it). Design work is one of those fields where the number of employed designers will decrease, and you will need to be either a very good, or a very productive one. If I were an undergrad in design, I would try to learn the difficult stuff, and now the run-of-the-mill stuff that will be easily automated.