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It’s definitely not good for whole programs in one go or complex programming. Businesses hoping to replace coders isn’t really happening. But for bite sized code sections like a simple function or non-coders who need something that does a bespoke task in their life? It seems pretty effective. I don’t know a programming language but decided to try and automate my trading strategies and in a month I’d written a program in Python that automatically trades my opening strategy. I would never have been able to do that without chatGPT. It has effectively reduced the time it takes to have functional code significantly, especially as I need to use APIs which AI has been phenomenal at providing without needing to dig through the documentation.
It isn’t replacing engineers but it definitely helps save time and can empower non engineers to make useful programs without needing years of schooling.