Nah, it will arrive. And regardless, this sort of AI reduces the skill level required to make the app. It reduces the amount of people required and thus reduces the demand for engineers. So, even though AI is not CLOSE to what you are suggesting, it can significantly reduce the salaries of those that ARE required. So maybe fewer $150K programmers will be hired with the same revenue for even higher profits.
The most bizarre thing is that programmers are literally writing code to replace themselves because once this AI started, it was a race to the bottom and nobody wants to be last.