Claude Just Killed Software Stocks (Here's What Happens Next) [View all]

TL;DR: Hoist by their own petard, programmers have built a system that eliminated their jobs.

The deployment of Claude in my view is the realization of the dream that began in 1959 with the creation of COBOL, the Common Business Oriented Language. The idea was to create a programming language so English like, that business executives could write their own programs and eliminate costly software developers. Come 2026, and not only can you write programs in plain English, you can speak them into a microphone and they become reality.

The realization of COBOL's dream has come true and it's a nightmare. Software As a Service companies are plummeting.

Side note: Clearly the guy who published this video is selling something, but he has good points and the market is reacting. I myself have experienced the impact of Claude in my work. My boss asked for an estimate on developing a data transform. I estimated a week's worth of work. My boss reassigned the job to a colleague using Claude and he came back with a clean solution in one hour. My boss wanted to know what I was doing the other 39 hours of the work week. My response? Not immediate but a week later. I tendered my resignation. I'm retiring from software development after 49 years of service.

Cést la vie