Wix's Logo Maker generates business logos from a short set of questions about the brand, and is offered free as part of Wix's tooling for people setting up a site. It now runs through Wixel, Wix's design product, so material referring to either name describes the same path.
The reason a tool like this exists is practical rather than creative. Anyone launching a small business needs a mark for the site, social profiles, invoices and email footer before there is any revenue to pay a designer with, and the absence of one blocks all of those at once.
The output is template-derived and will not be distinctive, which is the honest trade at no cost. Treat it as something that unblocks a launch and gets replaced by commissioned identity work later, and check the licence terms for how the mark may be used commercially before building a brand on it.
