Advanced auto-complete and sort-of right concept art is not going to disrupt the world nor the software industry. We have had algorithms trained on machine learning do IMO way more socially affecting things like decide what news and videos we watch, who gets approved for loans, what politicians say - but this gets way less press or thought.
You will never replace software engineers just as you will never replace writers and artists no matter how “good” the machine generated stuff gets. There is no soul there and it only appears interesting at a superficial, “that’s sort of neat” level that doesn’t hold up. No one is buying master works of AI, they spend their weekend reading real books and blogs from real people.
It’s 2022 - where is my self driving car? Where is the tens of millions of job losses from AI predicted that necessitated UBI (see the entire presidential thesis of Andrew Yang)?
It does get a lot of hype and raises a lot of VC money though!