My take is that AI's ability to generate new code will prove so valuable, it will not matter if it is bad at changing existing code. And that the engineers of the distant future (like, two years from now) will not bother to read the generated code, as long as it runs and passes the tests (which will also be AI-generated).

I try to use AI daily, and every month I see how it is able to generate larger and more complex chunks of code from the first shot. It is almost there. We just need to adopt the new paradigm, build the tooling, and embrace the new weird future of software development.