Some months back I would have agreed with you without any "but", but it really does help even if it only takes over "typing code".

Once you do understand the problem deep enough to know exactly what to ask for without ambiguity, the AI will produce the code that exactly solves your problem a heck of a lot quicker than you. And the time you don't spend on figuring out language syntax, you can instead spend on tweaking the code on a higher architecture level. Spend time where you, as a human, are better than the AI.