Microsoft has migrated the Auto-generated assets setting for Responsive Search Ads to Text customization in AI Max.
Advertisers will find that their previous settings for Auto-generated assets are preserved. If Auto-generated assets were enabled, Text customization now reflects that preference and remains enabled; the same applies if it was previously disabled.
Users can review or change the Text customization setting from campaign settings if needed.

The Change History shows this migration as a system-initiated update, indicating the change in settings from Auto-generated assets to Text customization.
Read the official help page here: FAQ: AI Max Text customization setting migration.
This update was spotted by Hana Kobzová.