Nah, the 'it's just a chatbot!!' is not even remotely accurate. In the coding 'game', it is now a fantastically valuable tool.
Is it replacing expert humans ? Not yet at least, but most people drastically underestimate the amount of expertise in any given field.
Is it replacing offshore developers ? I get an awful lot of A:B comparisons for exactly this case, and I'd say it's in the top 70% already, at a tiny fraction of the cost. If you are a junior dev doing contract work, it's time to start looking for a new skillset.