As for “but it's great for coding!“…
…world-wide there's about 3.6 billion jobs or so, of which ~25 million are in software development; this means maybe about 0.7% of all jobs world-wide can use "great for coding".
Writing actual code amounts to maybe, if you're lucky, 10% of the work a software developer does.
The rest is meetings, high-level specifications, email and chat, more meetings, learning new things, updating stuff, lots of testing and debugging, etc.
The gist is, the supposed gains from "AI" are completely irrelevant (and indeed there's signs and studies that show it doesn't do anything for programmer productivity either).
tl;dr: This is the worst economic bubble in history, pushing a dream of a magical technology that unfortunately doesn't work, by appealing to investor greed.