Interestingly I am part of the effort to understand AI costs and outputs for the company's AOP this year.
Finance is very very aware that we are on sweetheart deals with all of the AI companies right now but they are looking to project real $$ material gains from using AI vs its costs right now. While I think AI is extremely useful in various spots the increases in productivity certainly exist but many of them are not as exponential as you would think. We have a few production AI agents used across the company to do various tasks that have been identified as eating up significant time in the company. The agents have done well at just doing this for us as you go into ChatGPT and access the agent and it will retrieve things like specific invoicing, customer product usage, and other things and quickly summarize them.
While useful this ultimately ended up saving 50 man hours a month approximately. This isn't nothing, but it isn't replacing an entire person's salary either. When it comes to AI for coding it is 100% true that AI makes the coding part faster than it used to be. However if you look beyond that the majority of a senior engineer's time is not really spent heads down coding. It's researching and understanding before you actually execute it by writing the code to do whatever. AI's biggest and most advantageous gain according to our metrics is rapid POCing of unfamiliar technologies. Reducing the research time spent to narrow down the right avenue of development. As well as faster code completions in commits.
But not reducing overall feature development time by 50% or anything.