A bad piece of software can be decently hidden by burning more money in cloud bills, which gives the inflated sense to the leadership that their products are doing global scale ground breaking.
With AI, I would not be surprised if the quality actually improves and the cost comes down(or stays same). Of course, more bad software will be written by now many aspiring entrepreneurs to realize their dream idea of spotify clone, then sacrificing their life saving on complex cloud bills and ever so profitable rise of revenue of all cloud services citing this as benefit of AI while doing some more layoffs to jack up the stock prices.
The real revelations will come(it always does, nature and economy works in cycles), when excessive layoff caused damage will come due and now everyone will scramble to rehire people in few years. Unlike the Ford innovation of replacing horse carts, software is more prevalent in our every aspects of life, same as doctors and lawyers and civil service, hence we need to honestly play the game until the wave turns and then cash in by making in 200x killing just like the businesses are cashing in on right now.