That reads like an OpenAI talking point.
The smart thing to do as programmers is to keep trying to automate more of our work, but there's no guarantee that it will be like this in the future.
A lot of this post resonated with me: https://youtubetranscriptoptimizer.com/blog/05_the_short_cas... It doesn't argue that demand for video cards will be exhausted, but that it won't be as white hot as it is now. I can see the same with the top tier of programming talent. There isn't any shortage of problems that you could throw compute at and it's the same for top-tier programming talent, but does the market need it right away at any cost?
LLMs give programmers an extraordinary productivity boost, but are much less effective for people who don't have a programming mindset.
It might help more people gain that mindset, but ai welcome that: it's not like there's any shortage of problems in the world that benefit from being automated by computers.