Beyond helping a novice like me better understand how to do this right, I expect AI should be a boon already at this point for even the best and most experienced designers to use anywhere from actual design to as a reference to help refine and validate existing designs.
That should bubble up to buyers in terms of more higher quality designs for less assuming makes the job faster and more reliable, a safe bet when good engineering and design is already at play.
Sadly eventually jobs could be at risk once AI is able to do it all from design through implementation and testing, much like other jobs that employ SMEs (subject matter experts). AI should definitely also help grow SMEs able to use it effectively as a tool with less knowledge needed at the onset. Interesting stuff!
The fear is of course it will be abused like a weapon for ill intent as well as used for constructive purposes, so important to be careful about that. No regulation at all is probably not a good thing.