Do we still need to study algorithms now that AI writes most of our code? [D]

I've been thinking about this for a while. AI can now write functions, explain code, refactor projects, generate tests, and even solve many programming problems better than many junior developers. I've also noticed that Stack Overflow seems far less active than it used to be because many developers now ask AI instead. This made me wonder: Is learning algorithms still as important as it used to be? I'm not talking about memorizi