A full implementation/rewrite of something like word, which is pretty complex and the quantity of edge cases is insane, in a relatively short amount of time, months, is very hard.
If they succeed with AI it will be huge: it's basically not possible to do it today with humans, no matter how many people you put on the job.
Me neither, but this is exactly my point: nowadays, no one will trust an "overnight word written in rust", unless someone prove that an "overnight word written in rust" is good enough.
And big AI LABs, with basically infinite tokens, are the only one in the position to do it.
Even then, I would not trust an AI lab as Microsoft does have a long history of support for word whereas I’m not sure the level of continued support from AI labs.
*support including bug fixes, vulnerabilities, continued user testing, interop with other services, standards, etc
Right now even OpenAI has its own copy of Overleaf (for latex). I’m not in the same circles as it’s intended users, though I haven’t heard any major use of it since the splash.