I have an anecdote I'm dying to share and will be happy to have it buried here!

I was talking to an academic friend of mine who works in a CS theory group in a top university. He told me now only 2 out of 10 members of the group work on theory anymore, the rest are doing applied/industry projects. The ratio used to inverted, but now the theory people are worried AI will replace them, so they look for ways out.