If so-called AI in its current state, extrapolated into the next few years, can do a significant part of your job as well as or better than you can, that says more about your skills and the value you bring to the table than it does about the capabilities of LLM coding assistants.
The AI bubble looks more like a (half-baked) solution looking for problems than anything truly useful. The models cost way more to operate than what their owners currently charge for them, so they seem cheap, for now. Big companies jockey to create and control a market with hype and subsidies, creating a lot of FOMO and worry. It will pass.
I think like any other tool: it's not a silver bullet. For some use cases it's good, for others - not so much.