Is AI actually getting that good?

How much code written by AI is actually correct these days? A friend of mine (he's a junior dev at a software company, who vibe codes) keeps on saying that software industry would be soon gone. Is it actualy getting tougher for junior devs to enter the market? I actually started studying rust, concurrency and async hard so maybe one day I could separate myself from those junior devs but, sometimes I feel demotivated even when I really love this journey : )