Another coding copilot raised 400M, without a product

I’m no coder, despite reading books covering various languages, and learning how to piece other pieces of code together. I find development to be just a curiosity for me and nothing more.

I started out in technical school, being introduced to the A86 assembler, then moving on to class assignments coding in C, with a mid 90s MS C compiler. After that I had fun playing around with html and css, pasting in snippets of Java and JavaScript.

All just playing around, so not an authority on any of it, but reading about yet another attempt to replace coders leaves me with questions.

In all of the history of coding, it seems like advancements have always been made by humans, for lack of anything else. And the advancements frequently revolve around hardware developments.

So when current programmers are replaced by people whose only skill will be prompt engineering, what is the likelihood that those advancements keep happening? If the headcount for experienced programmers drops to a level that would keep anyone from looking at the field as a viable option for employment, where will the creativity come from?

Seems like the names of people that ran unicorns in the past is enough to build half-billion - multi-billion investments now. That's a diverging pattern from the past. The largest problem with throwing darts where you already have, is the dartboard may just fall apart in that area.

Can someone help me make sense of this please. I know its a great team and all but sheesh.