Frankly speaking, probably the latter. I've been using Copilot for over a year now, and obviously it makes stupid mistakes, but it sped up my general coding speed. Now, I don't have much experience (maybe around 10ish years of programming professionally) in comparison to greybeards, but it works. Haven't used ChatGPT much, but as long as the user understands its shortcomings and reviews/refines its outputs, it's fine.
People who write code also make mistakes, yet we don't consider it "inherently risky practice". We just review others' code, tweak it, make it more appropriate for prod and voila. Same thing applies here.