I am looking forward to the day that we can walk through a computer-generated infinite gallery in virtual reality, looking at paintings and sculptures entirely generated by machine learning algorithms. Humans are going to have to catch up!
Human standards of excellence are, and IMO should be, defined by what humans can do and experience. There's not much scope for competing with or "catching up" to a technology that is inherently many times faster/smarter/more creative that a human. Competition is not the right way to look at this.