Right now it's just buzz and empty promises to not sound "left behind" to shareholders.

Even if it could generate code that could be massaged into a production-ready state at a cost less than having human-only developers (colour me skeptical), I think middle-management would actively sabotage it. You can't fill your day with pointless meetings when your developers are AI agents.

So, I actually think the idea is only taken "seriously" at the very highest levels. I expect several layers of resistance even before it hits the actual engineers... Not because it's a fantasy with no grounding in engineering reality which is ultimately doomed to fail, merely out of self-preservation.