i don't think the value collapsed
once generation got basically free, the scarce thing is trimming down, knowing which output is worth keeping.
to me that's still intelligence, just the kind nobody bothered to benchmark. "human touch" is probably just what we call whoever still has working taste.
ilya was ahead of his time, but he (or we, as readers) might've miscalculated the side effect of freely-available-slop-intelligence now putting premiums on "the human touch"
it was either never about intelligence or always about intelligence, just not in commonly measurable forms
or perhaps it had nothing to do with AI at all, and was more about who to surround yourself with
transactional relationships based on mutual-assurance of being in similarly "intelligent" company...
...or something deeper?