There is AI as a useful tool, maybe, which is at most few % of current hype. Most folks seem to end up babysitting it a lot to get something useful out of it. And then there is everything else which is mostly hype or narrow use cases. To proper typical senior managing a team I don't see much added value. It can help juniors churn out large chunks of the code but I haven't worked in 20 years in a place that values quantity of code and quick deliveries over quality.
Also very much depends on the business and specific company. In my banking mega corp, no AI is even allowed to be used even as I write it now, all popular sites are blocked and there are strict policies against. Couldn't care less, coding is such a small part of my work I don't want to lose this creative outlet by delegating it to something I need to triple check for bugs afterwards. Also with any new stuff I learn way more by implementing it myself rather than looking at pre-made code.