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Waters Wrap: ChatGPT, data officers, and reaching new frontiers

As banks clamp down on large language models like ChatGPT, Anthony says that CDOs can help firms experiment with these chatbots while developing the proper governance structures.

Kamisaka Sekka
Credit: Kamisaka Sekka

For the layperson, tech evolution seemingly happens overnight, and this is especially true in the 21st century. Heading into 2007, Apple was basically a desktop/mainframe computer company; by 2010, it was the second largest mobile phone manufacturer; in three more years it would rise to No. 1. And that reign was short-lived thanks to Samsung. Now it is a dead heat. Your beloved flip-phone became a joke; and then it became cool again. The pace of change in the mobile phone market is dizzying.

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

The enshittification of AI

The Waters Wrap: AI may look good to its developers, but there are a few problems lurking below the surface that might cause problems. Max Bowie explains.

DTCC dives into public cloud

The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.

MCP is dead, long live MCP

The Waters Wrap: Reb dives into the trenches of the online developer community to see whether its reputation as the great enabler of the AI age is justified.

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