It's been an "eternal September" since Prodigy & Compuserve and then AOL joined the net, Usenet started degrading, people had more then 4-line sigs without a "-- " at the start of the sig, people top-quoted messages etc.
So the internet has been dying all that time. Lived through the dotcom boom/crash, growth/death of Yahoo Groups/Geocities/stumbleupon/slashdot/fark/etc.
I'm not sure whether AI/LLMs are really killing it more than the advent of social media and the endless slop that is time descending blogs.
I'm not sure whether the internet is just becoming yet another broadcast media, where small voices are drowned out by media conglomerates and the endless suck of advertising, or whether it really is "dying".
Either way, it will evolve, but whether it will evolve "well" is a very open question.