As soon as one graduates and enters the real world, the ability to learn is paramount, but the ability to grade said learning is never used again. We need to re-think the system from the ground up so that a student can leverage all available tools, AI included, and still develop a core ability to learn.
What's more, the current focus on grading has been shown to stunt the love of learning, because we're not stupid and we know when we're doing something that does not gain us anything beyond a grade.
If academia responds to this change properly we can eventually see a system that actually serves our students better than what we currently have.