A hard read for a skeptic like me. A lot of speculation and extrapolation of a trend, not to say outright exaggeration, but very little actual data. Let's not forget that we're at the tip of an economic bubble, and what you're writing about is at the very center of it!

For what it's worth, I read Anthropic's write-up of their recent 0-day hunt that most of this post seems to be based on, and I can't help but notice that (assuming the documented cases were the most "spectacular") their current models mostly "pattern-matched" their ways towards the exploits; in all documented cases, the actual code analysis failed and the agents redeemed themselves by looking for known-vulnerable patterns they extracted from the change history or common language pitfalls. So, most of the findings, if not all, were results of rescanning the entire codebase for prior art. The corporate approach to security, just a little more automated.

Hence I agree with "the smartest vulnerability researcher" mentioned near the end. Yes, the most impactful vulnerabilities tend to be the boring ones, and catching those fast will make a big difference, but vulnerability research is far from cooked. If anything, it will get much more interesting.