It's software eating everything that it can as capabilities and reach are added. This has been going on since the earliest software programs launched.

It's identical to Craigslist hollowing out offline classified ads. Classified ads used to be a hyper lucrative market for newspapers (both local and national). That market imploded from ~$17 billion ($32b+ adjusted) in 2000 to $1-$2 billion last year. Once it could, it did.

AI should enable software to touch more things more cheaply (more efficiently in many cases). As it can, it will. Expect a lot more wipe outs.