As a person who's in this type of projects for a long time, what I can say is "it works", because people do not compete with each other, but will build it together.
What I can say is, if they have came this far, there's already plans about what to do, and how to do, and none of the parties are inexperienced in these kinds of things.
Business and research are difficult enough even when done by tightly knit teams and constantly tested against real world systems and customer feedback. The idea that a hodgepodge of organisations can achieve poorly defined yet aspirational goals on a low budget is massively misguided.
My experience has been the opposite. I've enjoyed working on hobby projects more than ever, because so many of the boring and often blocking aspects of programming are sped up. You get to focus more on higher level choices and overall design and code quality, rather than searching specific usages of libraries or applying other minutiae. Learning is accelerated and the loop of making choices and seeing code generated for them, is a bit addictive.
I'm mostly worried that it might not take long for me to be a hindrance in the loop more than anything. For now I still have better overall design sense than AI, but it's already much better than I am at producing code for many common tasks. If AI develops more overall insight and sense, and the ability to handle larger code bases, it's not hard to imagine a world where I no longer even look at or know what code is written.