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As someone who has spend a lot of his working life refactoring old code from old languages:
- This is approach is useless. 90% of the value in refactoring old code is taking responsibilty and being liable if shit goes wrong. Is Anthropic liable for translated code? No? Then you can only help me with the remaining 10% of the challenge.
- "Modernizing a COBOL system once required armies of consultants spending years mapping workflows". Yes. And what these people did/do is not translating the code into a new programming language. What these people do is understanding what the system is supposed to be doing such that they can verify the results.
Conclusio: A chatbot with a chat window already provided most of the value of the product. The agent working on it might even be a downgrade compared to the chat window.
chips, ram, electronics assembly, telecom equipment... that sort of things
Other famous Taiwanese exports (such as Oolong tea or exotic fruits, sports equipment, yachts) play less of a role here.
I knew silicone chips were selling like hot cakes but I didn't know they were outselling the worlds factory. It's remarkable.
The socialist government is micromanaging the economy and picking winners