As usual, the people who have the most to gain by AI taking over coding are the ones saying AI is taking over coding.
When people who are not incentivized to make AI grow starts saying the same things, then it is time to listen. Until then, this is just self-promotion at big-tech scale.
A meme sweeping through all C suites right is use AI to reduce their engineering spend. If you aren't implementing that now you aren't implementing best corporate practice, and have no right to be call yourself a C suite.
Currently AI's can only churn out code that's as common as dirt, otherwise their stochastic parrot brains don't have enough data to train on. This means the plan won't work unless you spend most of your time churning out stuff like React front end talking to a swagger backend.
Most senior engineers aren't doing that of course, but to an enterprising manager this is only a minor hurdle. It doesn't really matter if you pull it off, as you are just managing the process. You manage it by proclaiming it has already happened. Your engineers will respond to the challenge of "everybody else is doing it" by figuring out how to make it happen. Fake it until you make it, in other words.
When people who are not incentivized to make AI grow starts saying the same things, then it is time to listen. Until then, this is just self-promotion at big-tech scale.