I mean, yes, that's one possible outcome.

I personally believe that it's more likely that the current batch of massively overleveraged AI companies go broke in the next year or so as the AI bubble bursts. Hopefully the USA manages to get its democratic shit together enough to not bail them out (as happened in 2008), and they just... stop.

The OSS models are almost at the same level, and are progressing fine. The technology continues to be useful, even if all the oligarchs go away.