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If companies wanted to build thier own simple-JIRA they could have built themselves before. I dont think making a kanban board was hard even before AI.
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You’re describing Excel.

AI will be used to do “excel better” more than “replace a managed, compliant, feature-rich-carefully-engineered, service”.

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JIRA especially, and I'm always shaking my fist at Atlassian that simple APIs or workflows or reports aren't already included in the tool. I have to pay some other company $10/user/month to get this dumb report your tool should already be able to do?? Insane.
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