Look into the Gartner Hype-Cycle. We're quickly approaching the peak of inflated expectations and heading into the trough of disillusionment. We too are facing a few leadership people claiming "This is the end of Photoshopping people as we know it!" Everything is going to be super-duper easy. Then they get into Stable Diffusion, spend 6 hours getting prompts right, then another 8 hours correcting the 15 finger hands, and somehow still think the current AI generative fill options are somehow faster than inserting high-quality cut out people. It's architecture, so they are always looking for the next easy button only to reverse course in a few years because they've lost their look and everything they produce looks like everyone else that is constantly seeking the same easy button.
The funny thing is that AI, in the current form, is a lot like Enscape. It has a distinctive look to it, mostly hyper abuse of the orange-teal color scheme. So it's incredibly clear who is using AI and of course, everything looks the same.
Where AI is becoming useful is generating options for exterior views and quickly changing seasons or lighting conditions. I've found it incredibly useful to create mood boards to then go back into the old-timey way of rendering to produce much higher fidelity visuals than AI currently can. This is where AI is going to break a ton of ground but it will not replace traditional visualization anytime soon. The studios that are seeking to use this as a flat out replacement will find themselves far behind the studios that understand that AI is a useful addition to the toolkit, but you are not going to use it as a sole replacement for any one process.
I'm entering my 21st year doing visualization. Like the grizzled old salt smoking a cigar in the back of a dimly lit room, I've seen them come and I've seen them go. AI is going to stick around with us for a while and I am looking forward to integrating it into my workflow, at least until the lawsuits start getting ruled on and completely change the landscape of the current models of AI. If Stable Diffusion were to lose against Getty, that will set AI back years. I don't see it happening, but the laws are a little gray on how they can use the data scrapped from the internet and copyrights.