'AI will be the end of us': Is Colm Tóibín right about the threat to creative writing?

In 1950, William Faulkner delivered a famous acceptance speech for the Nobel prize in literature in which he rallied for the "inexhaustible [human] voice" and his belief in its supremacy—not merely to endure but to prevail. Faulkner reasoned this was because the human voice, transmuted into art, possesses soul—a soul capable of compassion and sacrifice.