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NO! Pm really isn’t the bottleneck, neither is design or engineering. The problem is that AI is going to result in a lot of poor quality code being implemented and the biggest bottleneck that we will start to see is code re-writes as applications scale. We haven’t hit that yet but it is going to happen soon.
Most companies (especially startups) I have talked to who insist on using AI in day to day work irrespective of function are scrambling to figure out what to do with it. You realize this if you dig deeper into what they mean by we have to use AI. If a question is posed I.e. what do you mean by use AI in their day to day, managers and founders just rattle off a bunch of names of tool. It is only a handful of companies which are truly AI native. I say this as someone doing projects with startups and who has worked in big tech.
So for now, just wait, watch and learn.