I think this is an underestimate of what AI is going to do to software development over the next few years. AI won't be writing code; it will be writing binaries. Software developers won't be using the languages they use now. They'll be using some form of much higher level language that is a some sort of structured / formal specification language - functional languages perhaps being the closets we have at the moment. Software development is incredibly labour intensive; AI will be like change this completely - with as much affect as the mechanisation of farming
Semantics: at about 8:04, in reference to the use of Jira, the term Mr. Klemetti used is 'overlook' which effectively means to not see. I believe he means the term 'oversee' which is what management should be doing. English is tough, coding is easier.
All industrial sectors are affected this way, we are experiencing one of the largest economic contractions in recorded history. AI is a proximate but not ultimate cause here.
Aside from the short, vague blip about AI supervised code review, I found nothing novel or insightful in this talk; a bunch of stuff that is already baked into the platforms we use and highly unimpressive applications of this tech.