Hypothetically, AI is going to move us from development to validation. Think about writing more unit tests, integration tests, e2e tests. Spend more time verifying, really carefully reading these pull requests.
Development is moving towards quality assurance. Because that's what matter eventually. You have a product that works reliably and fast, and you can quickly get it to the market. You don't really care how the code is written.
Of course some people will continue to write "better software" than AI, more readable, or more elegant, bringing some diminishing marginal value to the table, the market doesn't really care about.
I don't think AI is there yet, but realistically speaking, it's gonna get there in 5 to 10 years. Some of us will adjust, some not. Reaction is real.
Let's just all call it LLM models, which they are. It's just a tool, that increase your productivity when used right.