Software developers on HN are saying the same thing. I don't see much evidence that AI has changed the game such that it would cause the work to dry up, though. In fact, I am surprised it hasn't created more work exploring the possibilities of new AI APIs.
But when you can get 5% returns just by sticking your money in the bank, why would you bother investing in software, where 99¢ is considered an exorbitant cost by its customers? That is no doubt why all of these creative industries are on the decline. There is, generally speaking, no money to be made.