For now, it seems to be limited to writing Python scripts using a specific API, not something I do for my daily tasks. I'm more worried for people who could have been replaced by a simple script 30 years ago. Also I'm skeptical about whether or not companies will tell all their secrets to this kind of tool (but I could be wrong, Office 365 has all the secrets of the world).
Evolving a working programing to do something slightly different is programming.
AI will augment software engineers not replace them.
We’ll do more. If right now it takes a team of seven (3 backend, 2 frontend, plus EM plus PM) 3 months to come up with an MVP that does X, well, with AI tools, the company is not gonna fire those engineers and replace them all with only one “prompt” engineer. No way! The company would instead keep all the engineers but instead of launching 1 MVP in 3 months, it will launch it in 3 day! Or better, it will launch 20 MVPs in 3 months!
Once we start applying AI to software engineering, customer demands will sky rocket. Customers will expect nice human-like UX, and rather than waiting months for products and features to come live, they will demand speed. Companies will hire more engineers to fulfill that demand.