Is AI ending the infinite capitalism due to IT, Technology?

I know from 30 years before even i was born due to IT there has been increase in valuation and increase in employement/ jobs all due to IT and had 10- 100x multiple for VC and PE which have made founders rich and so does investors rich and then those founders and investor invests in some other companies creating a capitalist cycle. Which in turn makes people rich overall + good health and work life balance.

Now is due to AI there would be that much rich tech employees ? Rich founders ? Or will there be end of IT rich cycle?

What are your thoughts ?