I program daily and I use AI for it daily.
For short and simple programs AI can do it 100x faster, but it is fundamentally limited by its context size. As a program grows in complexity AI is not currently able to create or modify the codebase with success (around 2000 lines is where I found it has a barrier). I suspect it's due to exponential complexity associated with input size.
Show me an AI that can do this for a 10,000 lines complex program and I'll eat my own shorts