I do not believe a word of it. AI only produces trainwrecks when coding more than a few lines by itself. They are trying to legitimise AI so that they can keep on moving rich people’s money back and forth in order to make them richer.

“Our bet is sort of that in the next year probably … maybe half the development is going to be done by AI, as opposed to people, and then that will just kind of increase from there,”

That’s not how AI works even on a good day. All the current tech could allow programers to do is add another layer of abstraction, just like they’ve been doing in various ways for the entire history of computer science. It can’t replace labor, only increase productivity like every technology ever has done.

We are not close to general AI and even if we had it, it wouldn’t be as groundbreaking as the capitalists think. Labor will adapt, markets will adapt, and it will not fundamentally change the challenges anyone faces. Technology can not fix social and political problems and it will not create perpetual motion machines.

They truly are desperate to replace us