Yes. The real threat may not be the extinction of humanity, but of creativity.

AI is just harvesting the existing output of humanity. Once it burns through that it will just become stale, or produce vapid nonsense that we all ignore. So us humans will lose our creative edge.

Knowledge will resemble fashion, where divorced of any practicality all we will care about is novelty and wow factor.

Now if AI comes up with a hint of something both new and important, who will be bothered to interpret and appreciate it?