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Tellefsen, FPL, Carl Carrie

HUMAN FACTORS

TELLEFSEN SHAKES UP STAFF

New York-based Tellefsen Consulting Group (TCG), a Wall Street management and IT consultancy firm, has announced changes in the firm’s management. Cofounder and former senior vice president Jerry Tellefsen becomes chairman of the company, while John Rapa, previously senior managing director, becomes president and CEO. Former managing associate Jack McCarthy assumes the role of executive vice president and COO. Prior to their work at TCG, Rapa was segment manager for IBM

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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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