1. C-level says so 2. on-the-ground people indeed much more productive
but of course, it is not just AI. Software is consolidating and automating even without AI, that's the whole point of software.
C-level does not seem uniformly convinced, and they have a lot of reasons to tell that story, even if it isn't really true.
Even if they're more productive, the amount of work to be done has also increased significantly. Not only is there so much work to be done on AI integrations but all of the other products have bug trackers exploding with new privacy and security vulnerabilities that need to be addressed.
Some of the security people I work with claim that without the productivity gains from AI, there is no way they could keep up with the bugs.