> Can "AI" in its current form deliver value? Sure, and it absolutely does but it's more in the form of "several hours saved per FTE per week" than "several FTEs saved per week".

Yes but...

First, what we're seeing with coding is that it is just exposing the next bottleneck quickly. The bottlenecks are always things that don't lend themselves to LLMs yet.

Second, that still can mean 4 hours a week for 20-50 bucks. At US white collar wages, that might mean 8 people are needed rather than 9. In profit centers that's more budget for advancing goals. At cost centers, though, that's a reduction in headcount.