Cognition Labs, backed by Peter Thiel, unveiled 'Devin' as the 'first AI software engineer,' signaling potential challenges for human software engineers. Devin has showcased remarkable abilities, passing practical engineering interviews and completing real jobs on Upwork. The startup attributes Devin's success to a focus on 'reasoning,' setting it apart from other AI tools. However, the release has sparked concerns among software engineers about the potential impact on job security and productivity. With the rise of efficiency-driven discussions in tech, the emergence of an AI engineer closer to the '10x engineer' model may intensify the pressure on software engineers. The push towards AI taking over software engineering jobs seems imminent.