This article was great to help catch up on all of the big things that are happening to the tech. These news items definitely fall to the background against everything else going on in the world.
Regarding the article's question: yes, these tech giants will survive. Even if Apple were to lose all of the suits mentioned here, they'd still be OK. Tech giants giving up on facial recognition tech for law enforcement are likely stopping a small fraction of their revenue for AI API calls and know that this market is being driven to commodity pricing.
Facebook will slowly adapt like Twitter has. They have a cohort of millenials and gen-xers who will be with them for a few more decades to be a base for advertising.
The threat to these giants comes from emerging players who we might not see yet or who might not even exist and find ways to use AI for huge improvements to things like entertainment.