Similar situation (in some sense, an entry level entrepreneur here)
Except, I have a decade plus experience. Yet find your situation relatable.
After graduating with an engineering degree from a not so bad college in India, all my job applications were going in an abysmal pit. Even the 18 call centers I applied to rejected me (despite being told of having reasonably good English language skills). What worked was relocating to a metropolitan town and literally going door to door in person and show up at companies and walk-ins, and I got an engineering job (btw, I'm at that exact stage now - will get to it later).
Few years later, went to US for MS, spent a year after graduating in applying for jobs - stopped counting applications after 2250th application. Didn't even get a single interview. Out of desperation, did a site-wide search for some niche enterprise software name I knew about on craigslist, landed a craigslist subdomain page for a town I hadn't heard of - got job interview and the job. Fast forward a few years later, I had been looking for a way to find a meaningful occupation to return to central India - spent all my vacations over the years looking for something that I could do. Never found it. So one fine day, I packed up my bags from a year old FAANG job, and came back. Since then, I've been building, demoing, pitching, improvising but haven't yet made an income - neither through my network back in the US, nor cold calling. So now, I'm on foot again, just showing up at companies and realizing: the local market is much different, their needs are different ; and in person presence is a huge catalyst in advancing sales cycle. In person communication is introducing me to signals and adapt my offerings. AI, if anything, has only helped be more productive, but I totally see how it would impact entry level engineering jobs - and I don't have any answers for that. Except, that increasing the surface area by in-person interactions may be an avenue to explore if you already haven't. Hanging out at coworking spaces, going to meetups where your potential "customers" would hang out etc. might be worth a try. For a such a well written article, I'd hope someone with the right opportunity may reach out to you. Good luck.