It is amazing where the technology is, and where it is going. He said it best in the video. This is the worst it will be from this point forward. It will only get better.
I think he is right. It is similar to what happened to the whole stock photo business collapsed when Getty? Or some big company started giving away stock images for commercial use very cheaply.
Luckily there are still other forms of photography that will neeed to be produced by humans such as news, sports, weddings, portraits, etc.