I don't think anyone serious believes this. Replacing developers with a less costly alternative is obviously a very market bullish dream, it has existed since as long as I've worked in the field. First it was supposed to be UML generated code by "architects", then it was supposed to be developers from developing countries, then no-code frameworks, etc.

AI will be a tool, no more no less. Most likely a good one, but there will still need to be people driving it, guiding it, fixing for it, etc.

All these discourses from CEO are just that, stock market pumping, because tech is the most profitable sector, and software engineers are costly, so having investors dream about scale + less costs is good for the stock price.

Not without some major breakthrough. What's hilarious is that all these developers building the tools are going to be the first to be without jobs. Their kids will be ecstatic: "Tell me again, dad, so, you had this awesome and well paying easy job and you wrecked it? Shut up kid, and tuck in that flap, there is too much wind in our cardboard box."

The funny thing is I think these things would work much better if they WEREN'T so insistent on the agentic thing. Like, I find in-IDE AI tools a lot more precise and I usually move just as fast as a TUI with a lot less rework. But Claude is CONSTANTLY pushing me to try to "one shot" a big feature while asking me for as little context as possible. I'd much rather it work with me as opposed to just wandering off and writing a thousand lines. It's obviously designed for anthropic's best interests rather than mine.