This is gonna be nuts!
Feels like we are headed into a software light speed tunnel with AI making it so much easier to write software, that the amount produced is going to increase 10x or more
Discussion
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This is likely going to have the opposite effect. AI is a derivative of the training data that's fed into it. AI may be able to replicate or reverse-engineer older software if it's fed the proper training data. This doesn't help to solve new problems that will arise. There are also significant limitations for large code bases. AI is not what some people seem to think it is.
An even worse problem arises when creativity is required to solve a new problem. Monetary motivations will be removed from software development and innovation will stagnate. No one will want to invest the needed time to learn how to create new software since there will be no incentive to do so.
Software is developed to run on specific hardware architectures. AI will fail miserably as soon as the architectures evolve. It's a disaster waiting to happen. Everyone will be flooded with 10x junk code that's unable to adapt to future needs. Since the talent will also be gone, no one will be able to debug and modify the code to make it perform.
If it was AI without human interaction I would agree with you. But it’s not. It’s developers using AI to make them faster.