The harsh reality of tech in finance: UBS calls coding an outdated skill
Software developers in financial services are fearful of AI taking over their jobs and it's more than mere paranoia. In a blog post this week, UBS's chief economist Paul Donovan wrote "much of computer coding already has the look of a stranded asset," something that "loses its value earlier than expected."Code and coding are less valuable than they used to be. As banks cut costs, decommissioning legacy applications is all the rage. UBS said today that it's on track to cut 3,800 applications betw...
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