Waters Wrap: The end of Cobol?

With the rise of generative AI, Anthony wonders if the days of Cobol are numbered.

About a decade ago, I was having a drink with an engineer at a large bank headquartered in Asia, though he was working out of its Manhattan office. Actually, at this point, he had left the bank about a year earlier, but he kept on working as a consultant. 

The reason he was still collecting a paycheck was that he had built an internal auditing application that he—and only he—knew how to code, patch and update. Because his services were still very much needed, he ended up making more as a

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