I would lean towards the former, the latter implies all ninja have been wiped out Sarada, Mitsuki to name a few. I believe that the words of Kawaki imply that the war against the ninja is beginning and he is the one who will start it as well as end it.Wow, that was a quick ban. God damn.
OT: Either he means that the age of the shinobi is over because tech is taking over or because all shinobis are dead.