I remain unconvinced, there's a huge swathe of legacy industries that the pandemic showed up for being woefully stuck in the past - with "digitalisation" being a buzzwords thrown around during 2020-2021 for older industries that thought working in the 21st century entailed emailing CSVs to each other, working on physical desktops.

I don't think these types of slow moving companies will be the ones to leap frog by jumping all in on AI, moreover I believe the TAM for software development is still growing strongly, AND I'm actually quite interested what happens to the nature of work 10-20 years down the line when most of today's kids who will be able to sort of code and become hybrid workers (to how traders went from shouting in a floor to being quite numeric, or accountants went from physical books to excel).

Tldr my bet is that AI might displace labour but not lead to a net reduction of software labour demand in the next 10-20 years at least