1. ChatGPT is just LLM.

2. Consider why these companies want AI to replace human developers. AI is expensive and error prone so it isn’t about money. It’s that company leaders don’t trust their developers. If developers cannot work outside a very narrow lane, like CRUD apps, or require colossal frameworks to just put text on screen then why bother having humans in the first place? AI can do this without lying about its self importance.

3. Consider what AI is currently capable of versus what people are wanting. That is a huge gap that answers your questions.

4. Finally, consider why AI output is not trusted and thus why its actual value, before expenses, is flat despite being so expensive and so desired. Numerically this is completely defeating.

If you looked at this subject only in terms of measurements it’s stupendously damning and makes you realize investment is an exercise of social behavior.