True, but if his categorization of ChatGPT-using bots is correct, I think it's at least notable to see that ChatGPT-generated comments taking off was/is actually a thing. And if the categorization of ChatGPT-generated comments is correct, it's notable that -- even if he's undercounting all bots (including those not using ChatGPT) -- bot-generated comments have far outstripped the number of real-person-generated comments.
Of course, like you say, this is quite a few "ifs". If the assumptions I'm making don't hold, neither does the conclusion.
As LLMs have become more realistic, Dead Internet Theory is actually coming true. (Maybe not the government controlled part, but the bot generated content part is still concerning)