Is the Internet dead? "The Dead Internet Theory"

The internet is ever changing, but over the past couple of years things have started to change. 

The proportion of bots in increasing. 

A theory dubbed “The Dead Internet Theory” that states that most of the internet is in fact AI bots. These bots have been unleashed to control the populous and rake in profits. 

But is it true? And if so, how much of it is true?