I don't agree with this... I'm a graphic designer and it is not accurate to have an algorithm to make a logo for your company. It is a subjective work which needs to be made looking from all perspectives paying attention to small details like communication and functionality. Let's think about Coca-Cola and KFC logos
I'm 100% sure that an AI company would not be able to make those logos if they did not exist as brands.
So, I think AI companies do create logos and yes they work and are great for
start-up companies who can not afford paying a skilled logo creator human. However I'm curious about how far AI can go with it.