We are not at the stage where AI can replace graduates. No where near. I worked with an intern recently and it was a pleasure. The quality was excellent. An AI couldn't do what they did. In particular it cannot be accountable or really learn anything. Beyond adding more instructions but that is not tacit knowledge. That is like giving a run book to an idiot who doesn't have experience and may or may not understand it.
Stop talking about coding and talk about what humans do.
Otherwise chatgpt could replace any politician because it can recognize and say words. Wording is dead what now!