Manager said we should be faster with AI

My manager used to be a FE dev, and has been a manager for ages. He is a skip level. During our 1:1 he asked if I was using AI, how I was finding it. I said blatantly that it is good for boilerplate and understanding the repo and changes done, and great for tests, albeit still needs significant edits. For actual development work, it has proved lackluster. He was pushing that coding was dead and AI should be able to do all of it now, so we should all be much faster. He also mentioned software quality in the same discussion, advocating AI should make it easier. He then gave an example of someone he knew in a well known company who was very experienced, IC6 level, and he was bring told that he needs to use AI or go away. Whilst using AI has been useful, I do think the extent of it's usage is being stretched significantly by people who are even developers or were themselves. How does everyone find using AI for their companies so far? When i make a new side project and do simple client side work, it's great and I rarely need to read any code. But for my corporate job, it still hallucinated a lot even with very specific prompting. Am I doing it wrong and has this improved significantly to the level my manager was claiming, or is it still useful for learning and planning to some extent but not execution? Also, should I be looking for a new job