Probably 80% of the time I spend coding, I'm inside a code file I haven't read in the last month. If I need to spend more than 30 seconds reading a section of code before I understand it, I'll ask AI to explain it to me. Usually, it does a good job of explaining code at a level of complexity that would take me 1-15 minutes to understand, but does a poor job of answering more complex questions or at understanding more complex code.
It's a moderately useful tool for me. I suspect the people that get the most use out of are those that would take more than 1 hour to read code I would take 10 minutes to read. Which is to say the least experienced people get the most value.