The AI hype cycle has a predictable pattern. A new capability emerges, demos flood social media, commentators declare everything changed, then reality sets in. We're watching this play out right now with AI coding assistants.
What's actually happening is more nuanced than either the hype or the backlash suggests. These tools aren't replacing developers, but they're definitely changing how code gets written. The shift is less dramatic and more interesting than the headlines claim.
The real story is about leverage.