AI is definitely increasing it. I barely type out any code now, and simply sit back and review what Claude dumps out. Even if it's a minor UI change, I just request the LLM and it executes the change for me. Thankfully I don't write code for my day-job anymore and mostly just sit in my office and pontificate :). I know my code skills and inclination to write code have atrophied to an extent, thanks to AI. Currently what I'm able to do with AI far surpasses the capabilities of what I was able to do without relying on AI.

Now if my employees were relying on LLMs to do their coding for them, I would be very disappointed. And I think that that limited space in algorithmic and HFT trading is where exceptionally talented programmers will find room in, leaving the others to dry out and wither.

Perhaps the best example of frogs in a boiling pot are all these folks in frontier AI companies themselves who are building the blocks for the very things that are going to replace them, if not already. Maybe they'll make off like bandits before their work gets adversely affected, or maybe not.