This expectation about AI taking away the software jobs is utterly ridiculous for me. What AI Will take away if eventually delivers on the promises is the exist

This expectation about AI taking away the software jobs is utterly ridiculous for me. What AI Will take away if eventually delivers on the promises is the existence of software development as business. Don't forget that a software company is bunch of software engineers in coordination, if those software engineers can be placed with a graphics card or AI service provider they just go ahead and start your own software company and just use this services to undercut the software companies that no longer need software engineers. If AI is actually able to code like a real software engineer then people that are not software engineers and were laid off from software companies should just get an AI subscription and take away the business from the company that they were fired from. Maybe it's not that graduates are not able to get jobs because AI is replacing them but because the focus of the capital at this time is no longer on speculating over software projects, therefore on the companies that are actually making money are able to actually hire. Today if you want to work in a company that exist thanks to speculative capital and pays huge salaries like in the day when software was eating the world than you need to be in AI.