I've seen this phrased as "some people enjoy software development because they like making things, others enjoy it because they like solving the mental problems it throws up, others enjoy it because it pays well", and AI is really only helping the first type of programmer.
Turns out, business also favor "making things" at least before the other categories.
Although I believe they favor "making the right things" even more. Which is harder but neither the 2nd och 3rd categories help here.
I've seen no evidence that they favour making the right things at all ;)
Lots of evidence that they favour making the thing that the executive wants made, regardless of what the nerds pushing the nerd-buttons think is the right thing.