For many decades now, the software industry has attempted to bridge the productivity gap, develop higher quality code and manage the ever growing complexity of software-intensive systems. The results have been mixed, and as a result, a great majority of today's software is still written manually by human developers. This is about to change rapidly as recent developments in the field of Artificial Intelligence show promising results. While artists and designers have been taken by surprise by OpenAI’s DALL-E 2’s capabilities in designing unique art, ChatGPT has astonished the rest of the world with its capability of understanding human interaction. AI-assisted coding solutions such as Github’s Copilot and Replit’s Ghostwriter, among many others, are rapidly developing in a direction where AI generates new code that runs fast with high quality. Little is known about the true capabilities of AI programmers and their impact on the software development industry, education, and research. This talk sheds light on the current state of ChatGPT, large language models including GPT-4, AI-assisted coding, highlights the research gaps, and proposes a way forward.