That is a video editor much like Adobe Premier or Final Cut Pro, so would not be a replacement for AE. After Effects is essentially Photoshop but with motion and animation. It’s mostly for VFX and Motion Graphics. Not video editing or audio.
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Doesn’t stop companies from trying to deflect accountability onto AI. Citations Needed recently did an episode all about this: https://citationsneeded.medium.com/episode-217-a-i-mysticism-as-responsibility-evasion-pr-tactic-7bd7f56eeaaa