LLMs are a tool that added a new dimension to explore. While I haven't like many felt actual gains, others are finding, and time will allow us to better judge if those can lead to long term impacts in the economy.
Just based on what I've been reading and experiencing: - Short term POCs can reach validation stage faster. - Mature cloud software needs a lot of extra tooling (LLMs don't understand the codebase, lack of places to derive good context from, and so on). - Anything in between for cloud seems to be a hit or miss, where people are mostly trading first iteration time for more refactoring later down the line.
From another perspective, areas of software where things are a lot more about numbers (cpu time, memory consumption, and so on), may benefit a lot from faster development/coding as the validation phase is either shorter or can be executed in parallel.
The key reality here is that I've been observing higher expectations for deliveries without a proof that we actually got better at coding in general. Which means that sacrifices are being made somewhere.