Microsoft still got some love for paint because the company will not completely remove Paint on the Creators update of Windows 10 because they’ll just remove the application from Windows but it will be available for download on Windows Store. So yeah, just a new home for MS Paint.
While MS Paint will be removed on Windows 10, it will be replaced with an updated app which has more features called Paint 3D. This new app is capable of 3D capabilities and of course, the MS paint features that we all love.
So yeah, Paint is not yet dead.
Source: Windows Blog