Well, not that it's completely wrong, but China and India only increase their oil consumption, and the US have just recently started to drill the local oil. It seems that oil is very far from over.
The AI boom looks to me quite similar to the dotcom boom of 30 years ago: we're certainly in a bubble, but that bubble is blown around some very real and powerful change. The bubble will burst (or maybe get deflated less dramatically), but the AI/ML stuff which is actually very useful will remain, and will continue developing.
So, no. If there's a pivotal moment, it's not because of the oil and computers. It's more about elite production of last few decades, the universities, the business and political leaders, the effects of global social networks, the discourses that permeate different social strata. But it's a completely different kettle of fish.