AI is a tool. Just like with a drum machine or a DAW, you need to be a musician to be able to use it to create something worthwhile. And just like sampling, drum machines and DJing didn’t kill acoustic music, AI won’t either. It will merely create a new type of music that will coexist along with all of the other types of music just fine.
AI just raises the level of abstraction and therefore the capabilities of an individual.