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> If you extrapolate from the improvements we've seen in coding AI over just the last 12 months

This is the achilles heel of your argument. I think people sometimes conflate realizing unmet potentials of LLMs with significant improvements, since there’s not been a fundamental change in how LLMs work as significant as the advancements we see in their application.

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You’ve missed the point. You can’t reliably use AI to generate code if you can’t understand code.
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