Honestly all the claimed use cases of generative AI for coding are much more easily fulfilled with normal tools. You can't perform mass refactorings with them because you need to manually check their output or prove that the code they're generating is correct, they can't generate code that well unless your domain is well documented online, which isnt the case for most companies.

There are places that generative AI will replace workers, especially in art, which makes it all the more important to ensure that whoever has their work used in training data is fairly compensated for their work is generating for the AI company. For programming however, I personally don't see a ton of value in what exists today at least.