Most of this thread has quietly changed the question. The OP asked about generating links with AI, and the answers are about using AI to draft outreach emails. That is a different thing, and the "strictly avoid automated links, they might get you a penalty" line further up deserves a proper reply because a lot of people will read it as settled.
It isn't. What is true is that automated links pointed directly at a money site have never been a good idea, and they weren't in 2015 either. What is not true is that automated links "pass little or no value" as a category. If that were the case tiered link building would have stopped working a decade ago, and it hasn't. Half the people in this section run it daily, and I would happily point at
@Steptoe's comment in another thread this week that tiering has been used to shore up link profiles since before indexing services existed.
Where AI actually changed the game is not the link, it is the content on the page carrying the link. Automated links used to be obvious because the page around them was spun garbage. That was the footprint, not the automation. Fill the same structure with readable content, which now costs nothing, and the automated layer looks like normal small sites. It is why properly built tiers survive updates that flatten mass profile spam.
So to answer the OP directly. Can AI generate a high quality link on its own? No, and anyone selling you that is selling a YouTube course. Can AI write the content that makes an automated tier layer work, and can it draft the outreach for the few real links you actually want at the money site? Yes to both, and the first one is where the money is saved.
The penalty warning is worth heeding for one thing only, pointing bulk automation straight at the site you care about. Everything else in that sentence is out of date.