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I was thinking about this today, is AI artwork even copyrightable?

There needs to be a limit. Everything from the very words we use to most of the ideas came originally from a commons. If we're going to use state power to give someone a monopoly on a work derived from that commons to give them an incentive to create something, there needs to be a path to return it to the commons whence most of it came. I like the original copyright term which as I recall was 15 years with another 15 year extension if you specifically applied for it. 30 years ought to be plenty of time to figure out how to get paid for your work.

I did put my money where my mouth is, and each copy of The Graysonian Ethic releases it into the public domain 15 years after the first publication.
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I think you're wrong on the incentive. If you make a copyright terms too long, then the incentive is to just buy up as many properties as you can, and sit on them. Keep on making Capeshit movies forever because you own them for another 60 years.