To my experience, AIs can generate perfectly good code relatively easy things, the kind you might as well copy&paste from stackoverflow, and they'll very confidently generate subtly wrong code for anything that's non-trivial for an experienced programmer to write. How do people deal with this? I simply don't understand the value proposition. Does Google now have 25% subtly wrong code? Or do they have 25% trivial code…
Of obviously flawed corporate structures. This CEO has no particular programming expertise and most of his companies profits do not seem to flow from this activity. I strongly doubt he has a grip on the actual facts here and is uncritically repeating what was told to him in a meeting.
He should, given his position, been the very _first_ person to ask the questions you've posed here.