AI absolutely is having a major effect on computer science (and other education domains, of course). But I feel the bigger problem is what AI highlights: the vast majority of students are just in school because it's society's way of making them cogs in the economic growth machine. It's not too meaningful, and there are always jobs that they can get that don't require being independent, creative, and a thinking person. I mean, after getting a PhD, I got a job that used about 5% of what I learned in school. Most of the programming I did, I already learned in high school...

To be honest, I think the world is being so disrupted by AI because before AI, we paved the way for it by making society operate where people don't matter, curiosity doesn't matter, and being a thinking individual doesn't matter. (The exception are the 1% very independent intellectual types who DO think and solve problems, but they are the exception who have carved themselves a niche where they can satisfy their intellectual urges and they generally care sufficiently about their curiosity so that they have found a place for themselves outside the majority).