Oh, you were asking about the show? That’s unequivocally art. Just because it takes inspiration from other sources doesn’t mean it lacks anything original. I thought you were asking about the specific image you put in the spoiler block.
EDIT: And a case could be made that the image and others like it are also art. It’s less clear-cut in that case, but memes certainly can be art.
What makes algorithmically generated images not art is that they are created by totally a different process than art is. Art is created when a person has an idea in their brain (which, yes, is influenced by the works of other artists, and it can therefore be debated whether or not any idea is wholely original, but that is tangential to the point), and use their learned skills to produce a new thing that expresses that idea. An algorithm doesn’t do any of that. An algorithm has no ideas and no skills with which it can produce expressions of ideas. You just give it a prompt and it looks through its database of art created by real humans, chops up bits of those works, and splices them together in whatever way it calculates will be most likely to satisfy the parameters you gave it.