I agree it's great at writing and frame-working parts of code and selecting libraries - it definitely has value for coding. $1500 bil value though, I doubt.

My main concern there lies in the next gen of programmers. The work that ChatGPT (and Claude etc) outputs requires some significant programming prior-experience to allow them to make sense of the output and adjust (or correct) it to suit their scope and requirements of the project - it will be much harder for junior devs to learn that skill with LLMs doing all the groundwork - essentially the same problem in wider education now with kids/teens just using LLMs to write their homework and essays. The consequences will be long term, and significant. In addition (for coding) it's taking away the entry-level work that junior devs would usually do and then have cleaned up for prod by senior devs - and that's not theory, the job market for junior programmers is dying already.