Data point of 1: Having hired juniors as a startup founder, I need more generalists than AI/ML specialists. AI application work right now is basically standard software engineering - you’re finding clever ways to supply the right context to a model within certain constraints.
No one knows what’s going to happen in the future. Yes there already are fewer SWE jobs than before because of AI, and yes the days of companies hiring new grads in droves at $300k+ packages are likely over. IMO all you can really do is study what you’re interested in, learn it deeply, and do good work with cool people. If unsure, it’s possible to go back to what you were doing before if the new path doesn’t work out.