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. In additions it’s taking away the entry-level work that junior devs usually do and have cleaned up for prod by senior devs - and that’s not theory, the job market is dying now.