Claude Code blog post: We are modernising COBOL.
The fear among investors : AI will replace humans, billing hours will drop to zero & IT companies like IBM will go to >/dev/null
The reality: High stakes systems that runs banks, airlines, govts cannot just let a "black-box AI" rewrite their core code without massive oversight, testing, and human accountability. Otherwise, everyone will lose their money/pension/ investments.
What a mess. It is like there is no common sense left in this world 馃槀
@nixCraft You鈥檙e massively underestimating the tolerance for risk when there are profits to be made. You do remember Love Canal, the Savings & Loan crisis, Enron, the 2008 financial crisis, & most recently DOGE, right?
I mean we鈥檙e literally burning the Earth putting our future survival as a species at risk because we can鈥檛 imagine asking oil companies to make less money.
@nixCraft Nobody鈥檚 gonna be doing that.
@nixCraft echo "All unit tests passed!!"
The actual cost of AI rewriting code accounts for only 5% of the total cost. So says ChatGPT.
@nixCraft I can colocate a few AS400's for testing....
@nixCraft same thing happend when google released their AI "gameengine" and the stock of game publishers dropped.
First time making me think about buying stocks because off course its going up again because the panic is stupid
