Banks have a ton of legal/compliance/reglatory/reputational concerns about application access/entitleements, data privacy, data licensing, granular data entitlements, data access (auditable).. approval chains (auditable), as well as actual financial risk.
I’ve seen the same happen with insane spreadsheets.
As empowering as something like Claude code can be, leaving development to developers means the output is inherently supported by the organization long term.
By wholly depending on the assisted coding you are wholly dependent on Anthropic, forever, for something that is now critical.
There are probably thousands of these little microscopic dependencies that occur when you make these tools widely available. What happens when you don’t want to foot the bill anymore?
Like going 100% into a single cloud provider. Or 100% into MSFT products. There’s legitimate friction in decoupling.
It was the right choice. But many of the rough edges of the terminal do surface and confuse non technical people.
Getting there faster with less knowledge of coding isn't the problem.
Pre LLMs, the main barrier to producing software for non-tech people was writing the code, literally. With LLMs, this barrier is now gone. This results in a much larger volume of slop than before. And then the real barrier shows up -- understanding, fool-proofing and maintaining that code. Code is cheap, show me how it runs in prod.
Like it's great that quants can iterate on their ideas much faster now. But GS is saying they shouldn't leave their sandbox.
Exactly
Based of my several rounds of discussions about every features, non-tech people usually have several unknown unknows about their idea. Their requests are usually one sentence or one paragraph, and then to flesh it out requires several back and forth which usually start with “I didn’t think about that”.
It’s like how everyone has seen people draw, play music, or build an house. But when the time to do so, they’re hopeless to replicate it. Because what you see is just surface level.
User scripts that turn into applications that need production support are often consequential and business-differentiating since they do the things that can't be bought off the shelf and effectively encode tacit knowledge.