既然 Claude 已经能代替人类干这么多活了，为什么软件公司的股票反而涨了？要理解这次反弹，得先还原过去几个月那轮恐慌是怎么来的。
This post is an expanded version of a presentation I gave at the 2025 WebAssembly CG meeting in Munich.
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2026-02-28 00:00:00:03014274610http://paper.people.com.cn/rmrb/pc/content/202602/28/content_30142746.htmlhttp://paper.people.com.cn/rmrb/pad/content/202602/28/content_30142746.html11921 本版责编：程 红