I think this is the principle-agent problem at work. Managers/executives who don't understand what programmers do believing that programmers can be easily replaced. Why wouldn't LLM vendors offer to sell it to them?

I pity the programmers of the future who will be tasked with maintaining the gargantuan mess these things end up creating.

No pity for the computer security industry though. It's going to get a lot of money.

"I pity the programmers of the future who will be tasked with maintaining the gargantuan mess these things end up creating."

With even a little bit of confidence, they could do quite well otherwise.