As for AI-assisted engineering going well, I think the jury is still out. Here on HN and with the engineers I know, you see people claiming multiples of productivity on coding tasks. But you also see people complaining about drowning in slop PRs.
I think there’s a lot of confounding factors to these reports. The type of work matters a lot: bug fixing good, prototyping good, big legacy codebases not so much, but maybe good for increased understanding. The type of automation matters: aggressive autocomplete good, vibe coding bad, dark factory (vibe coding with fancy harnesses and auto-“correcting” eval loops) questionable.
And then finally, the perennial mistake our industry makes, which is to value speed of creation over maintenance costs. Personally, I think this is where AI-assisted engineering is going to fall down really hard, but the jury’s still out on that one.
Anyway, there’s a really big spread in experiences with AI, that I think chalk up more to all this context rather than religion and belief. OP didn’t address it at all, which I think is a big gap in their essay, but I do think think they describe the executive-level mania pretty well.